MSC completes agreement for Clasquin

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MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has announced an agreement to acquire a 42.06% stake in Clasquin, a French freight forwarding and logistics company.

The agreement provides for a purchase price of €142.03/share, which offers a premium of 13.17% over the last closing price. Following the acquisition of this initial stake, SAS intends to launch a tender offer for the remaining Clasquin shares at the same price. Completion of the transaction is expected by the end of this year.