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...
Macquarie to divest U.S. port terminal operator Ceres
Australian financial conglomerate Macquarie Group said it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million...
France’s CMA CGM commits to buy French financial daily La Tribune
France-based CMA CGM, one of the world’s largest container lines, said it had made a commitment to buy French financial daily La Tribune, pursuing its recent foray into the French media sector. In a statement, the...
Malaysian tycoon weighs selling a stake in $2.7 bln port business -sources
Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7...
Macquarie expects $1 bln from sale of U.S. port terminal operator Ceres – WSJ
Australia’s Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the...
France’s CMA CGM commits to buy Bollore logistics unit for $5.5 bln
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday. CMA CGM granted...
