AIG agrees to terminal deal
- Share via
Insurance giant American International Group Inc. agreed to buy San Francisco-based MTC Holdings and its 32 seaport terminals. The deal includes facilities at the ports of Los Angeles and Long Beach. Terms weren’t disclosed.
MTC Holdings, one of the nation’s largest independent terminal operators, will continue to manage the facilities, which are expected to handle about 8 million containers this year.
In December, AIG agreed to buy the leases to Dubai Port World’s terminals in Newark, N.J., Philadelphia, Baltimore, Tampa, Fla., and New Orleans.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
