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November 14, 2007
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- Adani-DP World terminal deal off
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- MUMBAI: This classic case of a fight between a multinational
company and its Indian partner taking an ugly turn. Almost two years
after DP World took over Mundra International Container Terminal
(MICT) from P&O Ports as part of a $6-billion global takeover,
the Adani-owned Mundra Port and Special Economic Zone (MPSEZ), which
owns and operates the Gujarat port, has terminated the contract for
the container terminal at Mundra. MPSEZ has also asked the
Dubai-based international port operator to facilitate the transfer
of assets in three weeks
......
Read more on The Economic Times
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