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Home Port News Adani Ports acquires major Israeli container port

Adani Ports acquires major Israeli container port

Adani Ports and Special Economic Zone Limited (APSEZ) and the Israeli company Gadot Chemical Terminals have completed the acquisition of Haifa Port, according to a recent statement by Israel’s finance ministry.

The deal, which is worth approximately US$1.1 billion, was completed after the Israeli government approved the agreement.

According to the deal, Adani Ports will have a 70% stake in the Israeli major port and Gadot will hold the remaining 30%.

The sale of the Haifa Port is part of the Israeli government’s plans for a reform of seaports aimed at increasing competition, improving services, helping importers and reducing the cost of living.





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