MSC offers to buy 15% stake in Genoa Airport

Offer is for the full stake of Aeroporti di Roma in the shareholding structure of Società Aeroporto di Genova

MSC offers to buy 15% stake in Genoa Airport
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Mediterranean Shipping Company (MSC), the world's largest container carrier, has made a binding offer to buy a 15 percent stake in Genoa Airport from Aeroporti di Roma (ADR).

The offer is for the full stake of ADR in the shareholding structure of Società Aeroporto di Genova, which manages an infrastructure that is strategic for the development of tourism, economy and trade in Genoa, in the entire region of Liguria and in the north-western area of Italy, says an official release from ADR.

"The proposal comes as ADR expressed its willingness to make its stake available to enable possible synergistic and development plans to relaunch the airport according to the lines set by the Genoa airport operator, in the framework of the call for expressions of interest issued at the beginning of this year. ADR’s availability was already expressed in recent months with the same sense of institutional responsibility and attention to the needs of the area, through collaboration and fruitful dialogue with local institutions."

The timing and financial details of the transaction were not disclosed.

MSC's entry into the shareholding structure also ensures compliance and consistency with the strategic direction that the public shareholders of Società Aeroporto di Genova and Chairman Alfonso Lavarello have been pursuing for some time now, the release added.

MSC also offers air cargo services through its subsidiary, MSC Air Cargo.

ADR, a Mundys Group company, manages and develops the Rome Fiumicino and Ciampino airports and carries out other activities related and complementary to airport management. The company celebrated its 50th anniversary on February 12, 2024, the release added.

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