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%...
Adani, Vedanta co send in bids for Karaikal port
Adani Ports and Special Economic Zone and a Vedanta group entity have submitted binding financial bids for Karaikal Port on September 30 at the close of the bidding deadline, according to people briefed on the matter...
Welspun Corp wins bid for ABG’s Shipyards
Welspun Corp has emerged as the winning bidder of the shipyard of distressed borrower ABG Shipyard at an auction for a consideration of ₹659 crore. Welspun Corp and its subsidiary Nauyaan Shipyard would acquire the ABG...
Maersk agrees to sell stake in Russian port operator
A.P. Moller-Maersk said it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia’s largest container operator Delo Group, which also owns a 30.75% stake in the firm. After...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Vedanta, Adani, JSW Infra, submit EOIs for Karaikal Port
Vedanta, Adani Ports and Special Economic Zone, JSW Infrastructure, Jindal Power and a consortium of RKG Fund and Sagacious Capital have submitted expressions of interest to participate in the upcoming auction of...
