Mediterranean Shipping Company is mulling a $1bn float for its port business, it emerged today.
A Singapore IPO for the division is in its early stages, according to a Reuters report.
BNP Paribas, CLSA and Deutsche Bank have been tasked with managing the deal, the newswire says.
Gianluigi Aponte’s MSC is perhaps better known for its container line and crusieship businesses.
Its ports arm, which began a search for new investors a year ago, controls terminals in Antwerp, Bremerhaven, Le Havre, Bilbao, La Spezia, Singapore and Ningbo.
