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07 April 2020 The on-line newspaper devoted to the world of transports 17:55 GMT+2

April 25, 2011

ABG Shipyard Picks Up 40% Stake In Nigerian JV With PE Consortium

By Pallavi S

The venture will provide growth opportunities in a region, termed as the next big thing among emerging economies.

India's largest shipbuilding firm ABG Shipyard Ltd is forming a joint venture to set up a large shipbuilding yard in Nigeria. ABG Shipyard, which lost out to Bharati Shipyard in a domestic takeover battle for control of Great Offshore about a year ago, is expected to own 40 per cent stake in a JV with a group of Nigerian investors including Nkrah Investment Ltd (a provider of marine operations and logistics services) and BGL Private Equity Ltd (a wholly owned subsidiary of BGL Plc., a Nigerian investment bank) ......
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