Latest Deals
Shipping giant MSC to acquire 100% of Italian cargo airline
Switzerland-headquartered shipping giant MSC has acquired the majority stake in a Milanese freighter airline.
AlisCargo Airlines confirmed the transaction was the first part of a 100% acquisition by MSC. Said to be Italy’s sole freight-only intercontinental carrier, the cargo airline was formed in 2019.
AlisCargo currently operates a fleet of four Boeing 777 200ER P2F aeroplanes. It uses Milan’s Malpensa airport as its main base.
DHL makes Turkish acquisition
Global logistics company DHL has acquired 100% of MNG Kargo, one of the leading parcel delivery operators in Turkey. MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık is the company’s full name. It is based in Istanbul, Turkey’s largest city. The financial details of the acquisition have not been made public. Along with its introduction to the domestic Turkish market, the deal will extend cross-border offerings in the region for DHL customers.
Fondo Italiano d’Investimento to acquire minority stake in RINA
Multinational marine engineering certification firm RINA has announced a new shareholder in the form of the private equity fund first started by the Italian Government to boost SME growth. Fondo Italiano d’Investimento (FII) will invest €180m ($197m) in the company when the equity deal is finalised in Q3. The current majority stakeholder, RINA’s parent company Registro Italiano Navale, will maintain an interest exceeding 50%. FII will take 33%, along with other investors and shareholders.
Maersk orders six new methanol-powered vessels
AP Moller-Maersk (Maersk) has made an order for six mid-sized container vessels, all featuring dual-fuel engines that can operate using green methanol. China-based Yangzijiang Shipbuilding Group will build the six 9,000 twenty-foot equivalent unit vessels, which will be delivered in 2026 and 2027. Maersk now has 25 methanol-powered vessels on order from various shipbuilders.