The Indian government is set to invite financial bids for the privatisation of the Shipping Corp of India Ltd (SCI) next month. This move comes after years of delay in selling the state-run company, two government...
Adani Ports & SEZ completes Rs 1,485 cr acquisition of Karaikal Port
Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private (KPPL) pursuant to National Company Law Tribunal (NCLT) approval. Earlier...
Maersk nears complete Russia exit after selling logistics sites
Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country...
Competition Commission approves NIIF’s stake purchase in Hindustan Ports
The Competition Commission of India (CCI) cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund (NIIF). The proposed transaction relates to NIIF’s acquisition...
Adani-led group completes purchase of Israel’s Haifa Port
A consortium led by Adani Group has completed the purchase of Haifa Port in northern Israel for 4 billion shekels ($1.15 billion), Israel’s Finance Ministry said on Tuesday. The sale of one Israel’s main...
Shipping company MSC Group completes purchase of Bollore Africa Logistics
French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bollore Africa Logistics arm to shipping company MSC Group. The Bollore company added the...
France’s CMA CGM to buy New York, New Jersey terminals from Canada’s GCT
CMA CGM, one of the world’s largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT)...
APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port
Adani Ports and Special Economic Zone (APSEZ) announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. “The company has incorporated a joint venture company with Gadot...
Brazilian port operator CLI concludes acquisition of Santos terminal from Rumo
Brazilian port operator CLI concluded the payment of 1.4 billion reais ($263.43 million) to railway company Rumo SA for control of a grain terminal in Santos port, the company said. The deal is being funded by the...
COSCO Shipping says to buy $2.7 bln port assets from parent, in $2.9 bln ship building deal
COSCO Shipping Holdings Co Ltd said it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to build a global digital supply chain for its customers. The Chinese...
CPPIB, Temasek and Swedish fund EQT in race to buy into JM Baxi Ports & Logistics
Canadian fund CPP Investments (CPPIB), Singapore’s government-owned Temasek and Swedish buyout firm EQT AB that owns Baring Private Equity Asia are among a bunch of suitors in separate talks to acquire a significant...
Adani Ports gets to buy Gangavaram Port
Adani Ports and Special Economic Zone Ltd (APSEZ)India’s largest ports and logistics company and part of Adani Group, has received approvals from the courts in Ahmedabad and Hyderabad for acquiring the remaining 58.1%...
