MSC Unit Buys 49% of Adani Vizhinjam Port for $1.4 Billion
Updated
Updated · Bloomberg · Jun 30
MSC Unit Buys 49% of Adani Vizhinjam Port for $1.4 Billion
3 articles · Updated · Bloomberg · Jun 30
Summary
$1.4 billion will be invested by a Mediterranean Shipping Co. unit for a 49% stake in Adani Vizhinjam Port Pvt., one of the biggest foreign bets on India’s port infrastructure.
$539 million will be paid upfront by a step-down unit of MSC’s Terminal Investment Ltd., with another $858 million tied to completion of the port’s expansion by December 2028.
Adani Ports and Special Economic Zone disclosed the deal in a stock exchange filing, linking the full investment to the project’s build-out timeline.