MSC pays $1.4bn for 49% stake in Adani’s Vizhinjam port

Mediterranean Shipping Company (MSC) is deepening its bet on India’s fast-growing container market, with its terminal arm Terminal Investment Limited (TiL) agreeing to acquire a 49% stake in Adani Ports’ Vizhinjam transhipment terminal in a deal valued at $1.4bn. The transaction values the Kerala port at approximately $2.85bn and is being billed by the partners … Read full article →