Mediterranean Shipping Company (MSC) will acquire 49% of the share capital of Adani Ennore Container Terminal (AECT), the company that manages the container terminal in the Indian port of Ennore/Kamarajar (Chennai). The stake will be sold to Mundi Limited, a subsidiary Terminal Investment Limited (TiL), a terminal operator of the MSC Group, from India's Adani Ports and Special Economic Zone Limited (APSEZ), currently the sole owner of AECT. The agreement for the sale was signed yesterday and is expected to whereas the transaction, worth Rs 2.47 billion (Rs 30 million of dollars), will be completed over the next few years. three to four months.

The AECT terminal has a quay of 400 linear meters and a Annual containerized traffic capacity of 800 thousand teu. In the last fiscal year, the terminal handled a lot of traffic equal to 550 thousand TEUs and in the first eight months of the current fiscal year, Started in April, traffic was 450,000 TEUs.

TiL is already a partner of APSEZ in Adani International Container Terminal (AICTPL), the 50:50 joint venture established in 2013 for the management of the container terminal 3 of the Indian port of Mundra ( of 3 July 2013). "APSEZ - underlined the administrator delegate of the Indian group, Karan Adani - enjoys a strong partnership with TiL and MSC built on mutual trust and transparency. With this second joint venture we are now further deepening this partnership strategy in one of the Fastest Growing Container Terminal Markets in the South. Our goal is to respond to the Ennore Container Terminal: the success of the AICTPL terminal and to meet the needs of the the business needs of the South Indian market. This strengthening our partnership with the largest the world's shipping company reflects the solid vision of APSEZ to accelerate growth in the sector through a transparent trade policy'.

TiL's Chief Executive Officer, Ammar Kanaan, highlighted whereas the MSC Group company is pleased to strengthen its partnership with APSEZ, which is - he recalled "the most India's largest private port operator. This association - He added - will allow us to further improve the TiL's presence in one of the world's fastest-growing economies growth and to strengthen our offer to customers in the Indian subcontinent'.