Announced

Completed

Adani Ports completed the acquisition of a 75% stake in KPCL from 3i Group and Navayuga for $1.9bn.

Synopsis

Adani Ports and Special Economic Zone, a privately owned multi-port operator, completed the acquisition of a 75% stake in Krishnapatnam Port, a deepwater port on the east coast of India, from private equity firm 3i Group and Indian conglomerate Navayuga for $1.9bn. “This transformational acquisition enables us to roll out world class customer service to an increased customer base and provide pan India solution to them. Our experience of turning around acquisitions like Dhamra and Kattupalli ports will enable us in harnessing the potential of KPCL. We will target to enhance throughput at KPCL to 100m tonnes by FY25 and double its EBIDTA by FY23," Karan Adani, APSEZ CEO and Whole Time Director.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US