APSEZ and MSC Group deepen partnership with Vizhinjam port investment
pre-market1 source ↓written by the desknot a recommendation
- in Adani Vizhinjam
- 49% stake
- port's expansion
- 1.6 million TEUs
- capacity
- 5.7 million TEUs
Adani Ports and Special Economic Zone Limited (APSEZ) and Mediterranean Shipping Company (MSC) Group’s terminal arm, Terminal Investment Limited (TiL), have finalized a deal for TiL to acquire a 49% stake in Adani Vizhinjam Port for a total value of USD 2.85 billion. TiL's investment of USD 1.397 billion will support the port's expansion from 1.6 million TEUs to 5.7 million TEUs capacity.
This collaboration enhances operational efficiency and volume visibility at Vizhinjam port, marking the third significant partnership between APSEZ and MSC, following successful ventures at Mundra and Ennore. 📈
Not investment advice. For informational purposes only.