Adani Ports & SEZ completes acquisition of Haifa Port Company

11 Jan 2023 , 11:54 AM

Adani Ports and Special Economic Zone Ltd (APSEZ) and Gadot Group (Gadot) of Israel consortium have completed the acquisition of HPC from the Israeli government.

On July 15, 2022, company announced that the consortium of Adani Ports and Gadot Group (70:30 shareholding) had won the competitive bid for the privatization of HPC at an offer price of NIS 4.1 billion, which is equivalent to USD 1.18 billion.

The port’s concession period runs until 2054.

Adani Ports and Special Economic Zone Ltd (APSEZ), a subsidiary of the globally diverse Adani Group, has evolved from a port company to an Integrated Transport Utility, offering an end-to-end solution from its port gate to the customer gate.

At around 11.47 AM, Adani Ports & SEZ was trading 0.52% lower at Rs792.25 against the previous close of Rs796.40 on NSE. So far, the counter touched an intraday high and low of Rs803.10 and Rs789.05 respectively.

For feedback and suggestions, write to us at [e-mail]