MSC Buys 49% Stake in Adani’s Vizhinjam Port for $1.4 Billion

India’s Adani Ports and Special Economic Zone (APSEZ) has announced a deal to sell a 49% stake in its Vizhinjam port to Switzerland-based MSC Group for $1.4 billion.

MSC, the world’s largest container shipping company, will make the investment through its terminal investment unit. The transaction is expected to become one of the largest foreign private investments in India’s port infrastructure sector.

Adani Ports said the partnership will help increase cargo traffic and speed up the growth of the Kerala-based Vizhinjam port, which is one of its major expansion projects.

The company added that the agreement is part of its strategy to work with global port operators to improve operations, attract more shipping activity, and expand capacity.

The deal, which is subject to regulatory approvals, marks the third partnership between Adani Ports and MSC after previous collaborations at Mundra and Ennore ports.

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