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New Deal


Announced

National Investment and Infrastructure Fund to acquire a 22.5% stake in Hindustan Ports Private from DP World for $300m.

Financials

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Transaction Value£251m
Consideration TypeCash
Capital Owned-
Capital Bid For23%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Friendly

Private

Domestic

Acquisition

Single Bidder

Minority

Ports

Private Equity

Pending

container terminals

Synopsis

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National Investment and Infrastructure Fund, an investment platform, agreed to acquire a 22.5% stake in Hindustan Ports Private, a container terminal platform, from DP World, a provider of supply chain logistics, for $300m. “The deepening of our successful 4-year partnership with DP World is a testament to the attractive opportunities in the Indian ports and logistics sector and the strategic vision and ongoing reforms under the PM Gati Shakti program. The investment will enable NIIF’s domestic and international investors to have a meaningful exposure in the sector through a unique and scalable platform with a significant presence across sea-based container terminals and land-based container logistics infrastructure,” Sujoy Bose, National Investment and Infrastructure Fund Managing Director and CEO.

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