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Announced

Adani Ports to acquire a 58.1% stake in Gangavaram Port for c.$480m.

Financials

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Transaction Value£351m
Consideration TypeCash
Capital Owned32%
Capital Bid For58%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Acquisition

Friendly

Pending

Ports

ports

Majority

India

Private

Domestic

Synopsis

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Adani Ports, a private ports & logistics company, agreed to acquire a 58.1% stake in Gangavaram Port, a port in India, for c.$480m. The acquisition is subject to regulatory approvals. "The acquisition of GPL is a further augmentation of our vision of capitalizing on an expanded logistics network effect that generates greater value as it expands. Every additional node that we are able to add to our network allows us to deliver a greater level of integrated and enhanced solutions to our customers. In this context, GPL is a tremendous addition to our portfolio,” Mr. Karan Adani, APSEZ CEO and Whole Time Director.

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