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...
Israel sells Haifa Port to India’s Adani Ports, Israel’s Gadot for $1.2 bln
Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18...
Global Ports terminates sale talks with shipping firm MSC
Global Ports Holding Plc said it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world’s largest cruise port operator to acquire it, adding it was confident about...
London-listed Global Ports confirms takeover approach from shipping firm MSC
Global Ports Holding PLC, the world’s largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from a Swiss-based MSC Mediterranean Shipping Company. Shares of the...
Govt weighs up to 10% stake sale in Mazagon Dock Shipbuilders
The government is planning to sell up to 10% stake in Mazagon Dock Shipbuilders Ltd. A proposal to this effect may soon be put in place, said a government official. The government holds 84.83% in the firm. At current...
Vedanta outbids JSPL for Athena
Anil Agarwal-promoted Vedanta has emerged as the highest bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal’s Jindal Steel & Power Ltd (JSPL) in an auction process that ran for 28...
