Vijayawada, January 31, 2022: To acquire Seabird Distriparks (Krishnapatnam)
Adani Ports & Special Economic Zone announced that its wholly owned subsidiary, Adani Krishnapatnam Port has signed share purchase agreement on 28 January 2022 with Seabird Marine Services, to acquire 100% stake of Seabird Distriparks (Krishnapatnam) for a consideration of Rs 19.22 crore.
Seabird Distriparks is engaged in the business of owning, operating and maintaining Container Freight Station, which are facilities set up for the purpose of in-transit container handling, examination, assessment of cargo with respect to customs clearances, both export and import according to the reports published in business-standard.com.
The investment is in line with the company’s strategy to increase its footprint in Andhra Pradesh.
