JSW Infrastructure said that it will acquire a majority stake in PNP Maritime Services (PNP Port) from Shapoorji Pallonji (SP) Group for a cash payment of ₹270 crore. PNP Port operates multi-purpose jetties at Shahbaj...
JSW Infra looks to bid for ports under govt’s privatisation plan
JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transhipment port project at...
JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore
JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs 3,000 crore that includes the company’s debt, according to people familiar...
Deutsche Bahn, I Squared Capital sign agreement for sale of Arriva Group
Deutsche Bahn and Miami-based infrastructure investor I Squared Capital have signed an agreement for the sale of the German rail operator’s international transport business Arriva Group, the companies said on...
Trucking firm Estes Express submits revised $1.525 billion bid for Yellow’s shipment centers
Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp’s shipment centers, according to a bankruptcy court filing on Wednesday. Yellow said...
NCLAT stays insolvency proceedings against Container Corporation of India
The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings initiated against Container Corporation of India. On July 12, the New Delhi-based Principal bench of the National Company Law...
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...
Government to invite EoIs for Concor privatisation this month
The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday. The official said the bid document for Concor is...
Deutsche Bahn seeks approval for preparation of Schenker sale – sources
German rail operator Deutsche Bahn’s management board has asked its supervisory board for the go-ahead to prepare a sale of its international logistics subsidiary Schenker, documents reviewed by Reuters showed on...
Concor stake sale: Inter-ministerial group expected to clear EOI today
In another step towards the divestment of government stake in Container Corporation of India (Concor), an inter-ministerial group will meet on Thursday to clear the expression of interest (EoI) for the stake sale. The...
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...
Will never merge: Ola CEO rubbishes reports of merger talks with Uber
Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger. Bhavish Aggarwal said in a tweet that Ola is very profitable and growing...
