New Delhi, Jan 10 (PTI) Adani Ports and Special Economic Zones (APSEZ) on Tuesday said the consortium of APSEZ and Israel's Gadot Group (Gadot) has completed the acquisition of Haifa Port Company Ltd (HPC) from the government of Israel.

APSEZ in a statement said that the consortium had won the bid for HPC on July 22, 2022.

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"On July 15, 2022, we announced that the consortium of Adani Ports and Gadot Group (with 70:30 shareholding) had won the competitive bid for the privatisation of HPC at an offer price of NIS 4.1 Bn, equivalent to USD 1.18 Bn.

"The concession period of the port is up to 2054," it said.

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Adani Ports and Special Economic Zone, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)