Adani completes acquisition of Israel's biggest port in Haifa

Adani completes acquisition of Israel's biggest port in Haifa

Adani Ports and Gadot Group (with 70:30 shareholding) had won the competitive bid for the privatization of HPC.

FPJ Web DeskUpdated: Tuesday, January 10, 2023, 09:06 PM IST
article-image
Image credit: Wikipedia (Representative)

Through a regulatory filing, Adani Ports has informed that the consortium of Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Gadot Group (‘Gadot’) has completed the acquisition of Haifa Port from the government of Israel.

On 15th July ’22, we announced that the consortium of Adani Ports and Gadot Group (with 70:30 shareholding) had won the competitive bid for the privatization of HPC at an offer price of NIS 4.1 Bn, equivalent to USD 1.18 Bn. The concession period of the port is up to 2054. For further details, refer to APSEZ’s press release of 15th July ’22.

RECENT STORIES

Dialysis Services Provider Nephrocare Health's IPO Receives 12% Subscription On The First Day Of...

Dialysis Services Provider Nephrocare Health's IPO Receives 12% Subscription On The First Day Of...

Venture Capital Platform IAN Group Announces Final Closure Of ₹871 Crore, To Infuse Into Startups...

Venture Capital Platform IAN Group Announces Final Closure Of ₹871 Crore, To Infuse Into Startups...

'India Should Remain Extremely Cautious About Giving Duty Concessions To The US On Crops': Think...

'India Should Remain Extremely Cautious About Giving Duty Concessions To The US On Crops': Think...

Reserve Bank Announces Redemption Price Of ₹12,801 Per Unit For Two Series Of Sovereign Gold Bonds

Reserve Bank Announces Redemption Price Of ₹12,801 Per Unit For Two Series Of Sovereign Gold Bonds

Pharma Firm Corona Remedies' IPO Receives 137.04 Times Subscription On The Closing Day Of Share Sale

Pharma Firm Corona Remedies' IPO Receives 137.04 Times Subscription On The Closing Day Of Share Sale