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...
Govt to invite financial bids for SCI sale by Sept; Shipping House, MTI to be hived off
The government is likely to invite financial bids for Shipping Corporation of India by September after the process of demerger of non-core assets is completed, an official said. As part of the strategic-sale process...
Karaikal Port admitted for insolvency, Adani Ports & SEZ frontrunner
The Chennai bankruptcy court on Thursday admitted Karaikal Port for insolvency proceedings after it defaulted on payment of about Rs 2,400 crore dues to a lender. Adani Ports and Special Economic Zone (APSEZ) is the...
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit
French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. CMA CGM had been authorised by the...
Hazel-Swan consortium wins race for Reliance Naval
A joint bid by the Hazel Mercantile-Swan Energy combine for the Anil Ambani-promoted Reliance Naval & Engineering secured in its favour votes from about 95% of the lenders by value in a bankruptcy resolution...
Ukraine war a roadblock for SCI privatisation
Shipping Corp. of India Ltd.’s proposed privatization may need to wait until the market turbulence triggered by Russia’s invasion of Ukraine blows over and investors regain confidence. “Globally markets are facing...
NCLT approves APSEZ’s composite scheme to acquire Sarguja Rail Corridor
Adani Ports and Special Economic Zone (APSEZ) on Sunday said the company’s composite scheme to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the National Company Law Tribunal (NCLT) and will...
Govt extends Shipping Corporation’s bid deadline indefinitely
The government has extended indefinitely the cut-off date for submission of bids for its stake in of India (SCI), according to multiple people aware of the matter. The due date was earlier January 18. Qualified bidders...
