Container Shipping Giant Buys Intermodal Rail Freight Company
Friday, January 29, 2016PORTUGAL – MSC Rail, a subsidiary of the world’s second largest container shipping line Mediterranean Shipping Company (MSC), has acquired a 95% stake in Portuguese state-owned rail freight operator CP Carga, which the company hopes will open new possibilities for intermodal business expansion in Iberia and beyond. The remaining 5% of CP Carga is being offered to employees working for the rail operator. Giuseppe Prudente, Chief Logistics Officer at MSC, said:
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