Private Equity

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Swiss co MSC to invest Rs.247-Cr for 49% stake in Adani Ennore Container Terminal

Business Line  

Geneva, Switzerland-headquartered MSC Terminal Investment Ltd, the container terminal operating and investing arm of Mediterranean Shipping Company (MSC), has acquired 49% stake in Adani Ennore Container Terminal Pvt Ltd (AECTPL ) for INR 247 crore. The deal pegs the total enterprise value of AECTPL at INR 1,211 crore. Post transaction, Adani Ports and Special Economic Zone Ltd (APSEZ) would hold a 51% stake in AECTPL. APSEZ is India's largest private port operator. AECTPL has a current annual capacity of 0.8 million twenty foot equivalent units (TEUs), which can be expanded to 1.4 million TEUs annually, and has a concession ending in 2044.