PSA to acquire controlling stake in DLI Exim News Service

PSA International Pte Ltd, the Singapore-based global port operator, along with private equity firm Gateway Partners Ltd, will be acquiring controlling stake in Distribution Logistics Infrastructure Pvt. Ltd (DLI) from its owner Infrastructure India Plc (IIP), it is learnt. According to analysts, this is a step towards PSA diversifying into inland logistics in India. It
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CMA CGM, a leading worldwide shipping Group, has announced the acquisition, from CHINA SHIPPING Ports Development Co. Ltd (COSCO SHIPPING Ports), a wholly-owned subsidiary of COSCO Group, of 10 per cent equity interest in CSP Zeebrugge Terminal NV (CSP Zeebrugge), through its wholly-owned subsidiary CMA Terminals. CMA CGM is currently the major client of CSP
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Adani Ports has decided to buy 97 per cent stake in Marine Infrastructure, which oversees operations of Kattupalli Port near Chennai, for an enterprise value of Rs 19.50 billion. The company has signed Share Purchase Agreement with Larsen & Toubro (L&T), Marine Infrastructure Developer Pvt Ltd (MIDPL) and L&T Shipbuilding to acquire 97 per cent
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Mitsui O.S.K. Lines (MOL) has announced that MOL and Mitsui & Co. Ltd have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, Norway which is owned by Akastor ASA, also based in Norway. After in-kind contribution of the company of owner and leasing the subsea support vessel, Skandi Santos, which
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South Korea’s shipping major Hyundai Merchant Marine and terminal operator PSA International have entered into an agreement to increase their stake in a Busan terminal. Under the deal, signed on May 15, the parties acquired 40 percent and 10 percent stakes, respectively, from private equity investment firm IMM Investment. On May 15, the share was
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DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on the strong relationship between the two firms and follows the recent launch of My Story™, a blockchain enabled
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CMA CGM has announced that it has reached an agreement to acquire an equity stake of nearly 25 per cent in CEVA Logistics AG (CEVA), a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between 380 and 450 million Swiss
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Euro zone governments will have to decide whether they cover the small hole left in the European Central Bank’s finances if, as expected, the Bank of England returns its stake after Brexit, ECB policymaker Ewald Nowotny said on Tuesday. The BoE is one of nine non-euro area central banks that contribute to the ECB’s operational
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