Adani Enters Africa With Acquisition of Tanzania Container Firm
- Adani Ports joint venture buys 95% in container terminal
- Enters 30-year concession pact with Tanzania Ports Authority
Gautam Adani
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
An Adani Ports and Special Economic Zone Ltd. joint venture has entered into an agreement with Hutchison Port Holdings Ltd. to acquire 95% stake in a container terminal company at the Port of Dar es Salaam in Tanzania.
Adani has partnered with Abu Dhabi-based logistics company AD Ports Group and East Harbour Terminals Ltd. to acquire Tanzania International Container Terminal Services Ltd. for $39.5 million, the Ahmadabad, India-based company said in an exchange filing.