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...
JSW Infrastructure to buy majority stake in PNP Port for ₹270 crore
JSW Infrastructure said that it will acquire a majority stake in PNP Maritime Services (PNP Port) from Shapoorji Pallonji (SP) Group for a cash payment of ₹270 crore. PNP Port operates multi-purpose jetties at Shahbaj...
JSW Infra looks to bid for ports under govt’s privatisation plan
JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transhipment port project at...
Canada’s Davie completes purchase of Helsinki Shipyard from Russia’s Algador
Canadian firm Davie Shipbuilding has completed the purchase of Helsinki Shipyard, maker of Arctic icebreaking vessels, from Russian-owned Algador Holdings after securing regulatory approval, Davie said. Regulators said...
Stonepeak to take shipping-container lessor Textainer private in $2.1 billion deal
Container lessor Textainer said that U.S. infrastructure investor Stonepeak will take it private in a deal worth about $2.1 billion. Textainer shareholders will receive $50 a share in cash, representing a premium of 46...
JM Baxi Group promoter moves HC over stake buy in arm by Hapag-Lloyd
Vir Kotak, one of the promoters of JM Baxi Group, has approached the Bombay High Court, seeking to intervene in the German shipping major Hapag-Lloyd AG’s acquisition of the stake in JM Baxi Ports & Logistics Ltd...
GQG Partners acquires 2.2 million shares, raises stake in Adani Ports to 5.03%
GQG Partners purchased 2.2 million shares of Adani Ports on Thursday week, raising its stake in the company to 5.03 per cent, GQG Partners said in a disclosure. The investment firm had already held a 4.93 per cent stake...
NCLAT stays insolvency proceedings against Container Corporation of India
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated against Container Corporation of India. On July 12, the New Delhi-based Principal bench of the National Company Law...