Adani Group and Gadot Group to acquire Haifa Port for $1.18bn.

Adani Group, a business comglomerate, and Gadot Group, a logistics group, agreed to acquire Haifa Port, a port operator, for $1.18bn. Adani Ports and Gadot Group hold 70%-30% shares, respectively in the consortium. "Our partnership with Adani blends the best of two worlds – our expertise in handling cargo in Haifa Port and Adani's world class capability in managing port operations. The length of the lease and the growth that we anticipate in the Israel economy as well as the surrounding regions means we are well positioned to invest to build one of the best ports in this region," Opher Linchevski, Gadot CEO.