MSC has denied any plans to spin off its container terminal division through the issuing of an IPO on the Singapore stock exchange, rebuffing industry rumours surrounding a potential listing,This is in response to a news item issued by Reuters, suggesting that the company was considering a $1 billion flotation, with PNB Parisbas, CLSA and Deutsche Bank mandated to manage the deal.
The business handles around 15m teu at terminals in 16 countries.
In the past, the chairman of MSC has stated publicly that offers for a 49% stake in the non-core terminal business might be of interest.