Haifa Port to be purchased by APSEZ and Gadot Chemical Terminals JV

16 Nov 2022 CW Team

Gadot Chemical Terminals Ltd. and Adani Ports and Special Economic Zone (APSEZ) announced the formation of a joint venture firm in Israel.

"The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely 'Mediterranean International Ports A.D.G.D Ltd' on November 13, 2022," APSEZ said in a BSE filing.

According to the statement, Mediterranean has formed a joint venture company with Gadot Chemical Terminals (1985) Ltd for the purpose of purchasing the Haifa Port Company, which is currently in charge of running Haifa Port in Israel.

The diversified Adani group's flagship transportation division, Adani Ports and Special Economic Zones, is the biggest private port and logistics company in India.

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