India’s Adani Ports to sell Ennore terminal stake to MSC unit for $30 million

India’s Adani Ports to sell Ennore terminal stake to MSC unit for $30 million

BENGALURU (Reuters) – India’s Adani Ports on Friday said it will sell a 49% stake in its Ennore Container Terminal located in the southern city of Chennai to a unit of global shipping giant Mediterranean Shipping Company for about 2.47 billion rupees ($29.65 million).This is India’s largest private port operator’s second partnership with container terminal businesses company Terminal Investment, a unit of Swiss-based MSC. In 2016, Adani Ports and Terminal Investment signed a joint venture…
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Source: https://sg.news.yahoo.com/finance/news/indias-adani-ports-sell-ennore-044509837.html