Adani and Gadot consortium seek extension to pay for Haifa Port privatisation
The privatisation of Haifa Port has been delayed as the Adani Ports and Special Economic Zone Ltd (APSEZ) and chemical specialist Gadot consortium request an extension to pay the 4.1bn shekels (US$1.2bn) to the Israeli state.
According to the consortium, the required delay in making the payment is due to negotiations being conducted with financing bodies in Israel and abroad in a complex deal in both financial and regulatory terms.
The bid submitted by the consortium was 1bn shekels (US$290m) higher than rival bids.
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