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Mediterranean Shipping Co. to Buy Italy's Rimorchiatori Mediterranei

Mediterranean Shipping Co. is set to buy Italy's Rimorchiatori Mediterranei, MSC announced via an emailed statement Oct. 23, Bloomberg reported. Rimorchiatori is an international towage firm operating in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia. MSC said it agreed…

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to acquire the company via its unit SAS Shipping Agencies Services Sarl from Rimorchiatori Riuniti and a fund managed by DWS's Infrastructure Investment business, Bloomberg said. Terms weren't disclosed.