Mediterranean Shipping Co (MSC) is taking a minority stake in Italian ropax operator Moby in a bid to rescue the company from its debt problems.
The Geneva-based group will acquire the shares through a capital increase that enables the immediate reorganisation of the Moby group.
The Aponte family’s surprise move comes days before a court-imposed 31 March deadline for Moby to find an agreement with creditor Tirrenia, which is run by Italy’s Ministry of Economic Development.
