The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard, an exchange filing showed on Tuesday. The floor price for the sale is 1,540 rupees, an 8% discount to the stock’s Tuesday...
KKR to launch sale of Goodpack, valued at around $1.8 billion, sources say
KKR & Co is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said...
France’s CMA CGM to acquire Brazil’s top container terminal in $2 bln deal
French shipping giant CMA CGM plans to acquire port terminal operator Santos Brasil in a deal that could reach $2 billion and give it control of South America’s largest container terminal, it said on Monday...
Adani Ports acquires 80% stake in Dubai’s Astro Shipping for $185 million
Adani Ports & Special Economic Zone Ltd (APSEZ) Friday said it has agreed to buy an 80% stake in Dubai-based Astro Shipping Company for $185 million (about ₹1,551 crore) as part of its strategy to expand fleet and...
DOF Group to acquire Maersk Supply Service for $1.11 billion
Norwegian supply shipping company DOF Group has agreed to buy offshore marine service provider Maersk Supply Service (MSS) from Maersk Supply Service Holding (MSSH) for $1.11 billion in a cash and stock deal, it said on...
Nalanda Capital sells 1.4 pc stake in Great Eastern Shipping for Rs 190 crore
Investment firm Nalanda Capital on Monday divested a 1.4 per cent stake in Great Eastern Shipping Co Ltd for Rs 190 crore through an open market transaction. Singapore-based Nalanda Capital through its arm Nalanda India...
Great Eastern Shipping Company expands fleet with acquisition of Jag Priya
Great Eastern Shipping Company took delivery of a 2010 built Medium Range product tanker Jag Priya of about 49,999 dwt. The Company had contracted to buy the vessel in Q4 FY24. Including this vessel, the Company’s...
Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports
Shapoorji Pallonji Group today announced the sale of the brownfield-Gopalpur port to Adani Port and SEZ Ltd. for an enterprise value of Rs 3350 crore, confirming ET’s newsbreak. This is the second port divestment in...
France’s CMA CGM to buy UK logistics firm Wincanton for $700 mln
French shipping firm CMA CGM is set to buy British logistics firm Wincanton for about $700 million in a cash deal that will take the Marseille-based group’s push in logistics into the UK supermarket sector. The...
Adani Port to divest of 49% stake in Adani Ennore Container Terminal for ₹247 crore
Adani Ports is set to divest 49 percent of its stake in Adani Ennore Container Terminal (AECTPL) for a total consideration of ₹247 crore, the company informed the exchanges. “The company has entered into a Share...
Adani closing in to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha
Adani Ports and Special Economic Zone, India’s biggest maritime company by market capitalisation, is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports in Odisha for up to Rs 1,100-1,200 crore...
JSW Infrastructure to acquire majority stake in PNP Maritime Services
JSW Infrastructure on Monday said it has signed an agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority stake in PNP Maritime Services (PNP Port). The agreement is to acquire over...
