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27 June 2019 The on-line newspaper devoted to the world of transports 07:58 GMT+2



June 8, 2017

Adani Ports in talks to buy majority stake in Gujarat Pipavav Port
Adani Ports and Special Economic Zone (APSEZ) has initiated talks to acquire APM Terminals Management's 43.01% stake in Gujarat Pipavav Port

Maulik Pathak
livemint.com

Ahmedabad: Billionaire Gautam Adani's Adani Ports and Special Economic Zone Ltd (APSEZ) is looking to acquire a controlling stake in Gujarat Pipavav Port Ltd (GPPL), according to three people close to the development.
The company has initiated talks to acquire APM Terminals Management B.V.'s 43.01% stake in GPPL, said the people on condition of anonymity. The enterprise value of the port is close to $1 billion, they said ......
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