South Korean shipbuilder Hyundai Heavy Industries’ proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto after the companies declined to offer remedies...
Seros Logistics acquires a Supra Max vessel to its diversified sea logistics fleet
Multimodal and marine logistics player, Seros Logistics has added a Supra Max vessel to its diversified fleet, taking the total count up to over 40, the company said on Tuesday. The company will operate the “MV...
Greece completes transfer of 16% stake in Piraeus port to COSCO
Greece’s privatisations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession agreement, it said on Thursday...
Adani Ports acquires remaining 10.4% in Gangavaram port
Adani Ports and Special Economic Zone Ltd (APSEZ) Wednesday has concluded acquisition of the remaining 10.4% stake in Gangavaram port from the Andhra Pradesh government forRs 645 crore. “The boards of APSEZ and...
CCI approves Adani Ports and Special Economic Zone’s 10 per cent stake-buy in Gangavaram Port
Fair trade regulator CCI on Monday approved acquisition of over 10 per cent stake in Gangavaram Port Ltd by Adani Ports and Special Economic Zone Ltd. The 10.4 per cent equity shareholding would be acquired from the...
Adani Ports gets AP govt nod for 10.4% stake acquisition in Gangavaram Port
Adani Ports on Tuesday announced the approval of proposal of acquisition of 10.4% stake of Gangavaram Port (GPL) by the company from the Government of Andhra Pradesh. The consideration for proposed acquisition of 10.4%...
SEZ stake sale: GMR receives Rs 1,692 cr from Aurobindo Realty
GMR Infrastructure Limited on Friday said it received Rs 1,692 crore as first tranche of consideration towards the sale of equity owned by its subsidiary GMR SEZ and Port Holdings Limited of its entire 51 per cent stake...
Disinvestment process: Shipping Corp opens virtual data room for potential bidders
Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of...
Safesea Group gets approval to bid for Shipping Corporation of India
The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday. Intermediaries...
APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port
The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd. The acquirer already...
Safesea, NRI-led group, Megha Engg shortlisted for Shipping Corp stake
US-based Safesea, Megha Engineering and Infrastructure and a consortium led by NRI businessman Ravi Mehrotra have been shortlisted as potential buyers for the government of India’s stake in Shipping Corporation of India...
Andhra decides to sell stake in Gangavaram Port to Adani for Rs 645 cr
Andhra Pradesh government has decided to sell its 10.4% stake in Gangavaram Port in favour of Adani Ports and Special Economic Zone (APSEZ) for around Rs 645 crore. The Cabinet meeting of the YS Jagan Mohan Reddy...
