MSC Diversifies Yet Again to Buy 15% Stake in Genoa Airport

Updated June 28, 2024 at 09:30 am Published June 28, 2024 at 12:28 pm Etc/UTC

Mediterranean Shipping Co (MSC), flush with cash, has acquired a 15% stake in Genoa airport for an undisclosed amount.

MSC, the leading container shipping company globally and a prominent player in the cruise industry, has significantly diversified its investments in recent years.

Leveraging record profits, the company has expanded into various sectors including aviation, media, car carriers, logistics, and towage.

In the coming weeks, MSC is set to make history by becoming the first liner to operate a fleet exceeding 6 million TEUs, achieving this milestone by doubling its size within seven years.