Adani in talks to acquire APMT’s stake in Pipavav
Adani Ports and Special Economic Zone Ltd (APSEZ) has started talks for the acquisition of APM Terminals (APMT)’s stake in Gujarat Pipavav Port Ltd (GPPL), India.
The Adani group’s port operating company participated in a bidding process for APMT’s 41.03% stake in the company, local media reported.
If the deal goes through, the company might reportedly try to acquire a controlling stake of at least 51%.
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