PRESS RELEASE: Contship Italia S.p.A. has entered into negotiations for sale of MCT

BROSTRÖM TANKERS AB. has entered into negotiations with MSC for the sale of its 50% shares in CSM Italia Gate S.p.A., the company that controls MCT - Medcenter Container Terminal S.p.A.. MCT is the concessionaire of the container terminal activities in the port of Gioia Tauro where MSC is already a partner and the main customer.

In order to speed up the deal, Contship Italia has appointed the law firm that will assist the process as well as an independent financial advisor, who has been given the task of expressing the correct value of the terminal activity and assets. During the negotiations, Medcenter Container Terminal will continue to be fully operational.

BROSTRÖM Tankers AB, which started and has been running the terminal for over 24 years, is fully committed to safeguard the employment levels, so as to preserve the value and competitiveness of the largest Italian container terminal.

A key industrial reality that plays an extremely important role for the economy of the local territory and the entire south of Italy.