Italy’s antitrust authority has given the green light to a June agreement between MSC and Messina, which will see MSC become the new owner of four ships and a minority stake in the Genoa-based shipping company.
The Rome-based agency said that the deal between the two companies will not restrict or concentrate too much competition in container transport on the routes where MSC and Messina are active, or in the terminal operations and inland logistics markets in Italy.
The deal still needs to be approved by the other foreign authorities.
MSC is investing invest €25m ($28.5m) for a 49% stake in the Ignazio Messina & C. group and a 52% stake in a new vehicle controlling four of Messina’s eight modern conro ships. The vessels are set to be 52% controlled by MSC are Jolly Diamante, Jolly Perla, Jolly Titanio and Jolly Cobalto.