The board of directors of Brazilian regional container shipping operator Log-In Logistica has given its approval to the acquisition of a 67% stake in the company by Mediterranean Shipping Company (MSC) in a bid valuing Log-In at just over $500m. Log-In has seven boxships trading with another two on order.
Splash reported yesterday that cash-rich MSC has also tabled a bid to take over Bolloré Group’s African logistics business.
