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...
Adani Ports completes Myanmar port sale for $30 million
Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility, on Thursday said it has finalized the sale of its Myanmar Port for $30 million, following a renegotiated share purchase...
French shipper CMA CGM offers $5.5 bln for Bollore logistics unit
French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest...
Govt to invite bids for Shipping Corporation of India in May: Report
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...
