Adani and Gadot win tender to privatise Israel's Haifa Port
Adani-Gadot group has obtained the right to acquire all of the shares of Haifa Port Company Ltd. through the successful offer.
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Adani-Gadot group has obtained the right to acquire all of the shares of Haifa Port Company Ltd. through the successful offer.
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The Indian Adani Group and the Israeli Gadot Group won a tender to privatize the port of Haifa by offering almost $1.2 billion, around $420 million more than the second-highest bid. Adani, owned by billionaire Gautam Adani, owns 13 terminals and ports worldwide, and the port of Haifa will serve as a gateway to the Middle East and Europe
A consortium comprising India's Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Gadot Group has won the tender to privatise the Port of Haifa, the second largest port in Israel, amidst stiff competition from local and global players.
Shares of Adani Ports rose on Friday as a consortium led by Adani Ports and Gadot group won a tender to purchase of Haifa Port.