( June 8, 2017, 04:06 GMT | Insight) -- Adani Ports and Special Economic Zone has initiated talks with APM Terminals Management to acquire a 43.01 percent stake in Gujarat Pipavav Port at an enterprise value of $1 billion, Live Mint reports.India's Adani Ports and Special Economic Zone, or APSEZ, has initiated talks with APM Terminals Management to acquire a 43.01 percent stake in Gujarat Pipavav Port at an enterprise value of $1 billion, Live Mint reports. AP Moller Maersk group company APM Terminals is being advised on the deal by HSBC Holdings, and has launched a bidding process as it moves to exit the operation. Adani Port is India's biggest private port operator and the exit of its direct competitor, particularly in container handling, would only boost its lead, according to an unnamed analyst. If the deal goes through, APSEZ may also look to obtain a controlling stake of 51 percent or more through an open offer. ...
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