Adani Ports & Special Economic Zone will retain control with a 51% stake and will continue to manage the terminal
Geneva – Terminal Investment Limited (Til), the terminal operating company of the Msc group, will acquire a 49% stake in the Vizhinjam transshipment port in India, through a transaction with a total value of 1.4 billion dollars.
The agreement values the Kerala terminal at approximately 2.85 billion dollars and is presented by the parties as the largest private foreign investment ever made in Indian port infrastructure.
Adani Ports & Special Economic Zone will retain control with a 51% stake, will continue to manage the terminal, and will maintain the majority on the board of directors. The transaction remains subject to approvals from the competent authorities.
The investment will be carried out in two phases: a first tranche of 539 million dollars for the acquisition of the equity stake and a second of 858 million intended to finance the share of the group controlled by the Aponte family in the terminal expansion program, whose completion is expected by the end of 2028.
