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25 January 2020 The on-line newspaper devoted to the world of transports 06:04 GMT+1



January 3, 2020

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The Adani group will buy the Indian port of Krishnapatnam for 1,9 billion dollars

The investment in order to buy 75% of the society of the Navayuga that develops the port of call

The Adani Ports and Special Economic Ltd Zones. (APSEZ) of the Indian group Adani Group will acquire 75% of Krishnapatnam Port, the society that manages the homonymous port that is situated in the district of Nellore, in Andhra Pradesh, on the coast oriental of India. Draft of according to national private harbour port of call with a traffic of the goods that in finished fiscal year 2018-19 31st March is piled to 54 million tons, with an increment of +20.1% on the exercise precedence. The capital quota will be yielded by the Navayuga Engineering Co. (NEC) of the Indian group Navayuga that up to now has developed the port whose first phase is inaugurated on July 17, 2008.

It will be the most important acquisition realized from the APSEZ and will have a value of about 135 billion rupees (1,9 billion dollars). With the acquisition the quota the stopped Indian harbour market from the APSEZ, that he is the first national harbour operator, will go up from 22% to 27%.

According to the forecasts, the transaction, that it will have to be authorized from the competent authorities, will be concluded within 120 days.


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