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Adani Ports to Buy Australia Coal Terminal From Group Co
Mint Kolkata
|April 18, 2025
The $2.4 bn acquisition comes as the industry is gaining prominence amid trade tensions
Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a $2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region.
The Board of APSEZ "approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)", the company said in a statement.
CRPSHPL is a related party.
APPH owns the entities which own and operate the North Queensland Export Terminal, a dedicated export terminal with a current nameplate capacity of 50 million tonnes per annum (mtpa). The terminal is located at the Port of Abbot Point, approximately 25 km north of Bowen in North Queensland on Australia's east coast.
यह कहानी Mint Kolkata के April 18, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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