Adani successfully concludes acquisition of Haifa Port Company Ltd. (HPC)

Ahmedabad (Gujarat) : The consortium of India’s Adani Ports and Special Economic Zone Ltd (APSEZ) and Israel’s Gadot Group (‘Gadot’) has completed the acquisition of HPC from the government of Israel. On 15th July ’22, we announced that the consortium of Adani Ports and Gadot Group (with 70:30 shareholding) had won the competitive bid for the privatization of HPC at an offer price of NIS 4.1 Bn, equivalent to USD 1.18 Bn. The concession period of the port is up to 2054. For further details, refer to APSEZ’s press release of 15th July ’22.