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MSC places bid for Brazilian carrier

MSC has placed a bid for Brazilian carrier Log-In Logistica, with the aim of taking over 67 percent of its shares.

Photo: PR / MSC

Swiss-Italian MSC has placed a bid for Brazilian carrier Log-In Logistica, offering BRL 25 per share, corresponding to around USD 4.8, for at least 62 percent and at most 67 percent of the company's total shares, informs MSC.

With the bid, Log-In Logistica is valued at BRL 2.65 billion (USD 506 million).

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