AIG Global Investment Group (AIG-GIG), which recently acquired P&O Ports North America’s US and Canadian terminals from Dubai Ports World (see WorldCargo News February 2007, p1), is strengthening its stake in US container terminal operations with an agreement to buy the whole of MTC Holdings (MTCH) from the Redlich family, for an undisclosed sum.
The purchase is being made through Highstar Harbor Holdings III Inc, an affiliate of AIG Highstar Capital (Highstar), a group of private equity professionals sponsored by AIG-GIG. The deal is subject to customary closing conditions, including the receipt of certain government approvals. Closure is expected during the third quarter of 2007....
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This complete item is approximately 600 words in length, and appeared in the May 2007 issue of WorldCargo News, on page 5.
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