Swiss/Italian shipping group MSC seems to be interested in buying Genoese newspaper group Secolo XIX, following the steps of its French competitor CMA CGM which has also entered the media sector.
On 27 March 2024, the MSC Group disclosed the signing of a preliminary agreement with the publishing company Gedi, owned by John Elkann’s Exor, for the acquisition of the Genoese daily Secolo XIX.
The parties will now enter into negotiations to allow for due diligence and will proceed with the transaction-related contractual documents.
The newspaper’s digital operations and advertising revenues are expected to be included in the acquisition agreement, while the deal also encompasses the following transportation/shipping-related publications: The MediTelegraph, L’Avvisatore Marittimo, Il Giornale del Ponente Ligure, and Tecnologie Trasporti Mare.
