Adani Ports to sell its 49% stake in Ennore Container
Adani Portsand SEZ Limited (APSEZ) will sell 49% of its stake in Ennore Container Terminal. The transaction is expected to close over the next 3-4 months. This makes India’s largest private port operator's second partnership with container terminal businesses company Terminal Investment Limited (TIL)
Ahmedabad:Adani Portsand SEZ Limited (APSEZ) on Friday announced it willsellabout 49% of itsstakeinEnnore Container Terminal, situated in Chennai to a unit of global shipping giant Mediterranean Shipping Company (MSC) for about Rs 247 crore. This makes India’s largest private port operator’s second partnership with container terminal businesses company Terminal Investment Limited (TIL), a unit of Swiss-based MSC.The transaction is expected to close over the next 3-4 months.TIL is one of the world’s largest container terminal businesses.
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