Adani Eyes Controlling Stake in UK's Associated British Ports

Adani Eyes Controlling Stake in UK's Associated British Ports

Adani Ports and Special Economic Zone (APSEZ), India's largest private port operator, is considering a bid for Associated British Ports (ABP), the largest operator of ports in the UK. The move is part of Adani's plan to expand its port empire and become the world's biggest transport utility by 2031. A controlling stake of about 63.9% is up for grabs. The bid is expected to be a significant move in the global port industry, with APSEZ looking to leverage its expertise in port operations to expand its presence in the UK. The deal is still in the early stages, and no official announcement has been made by either party. The Economic Times reported that people with knowledge of the matter have confirmed the bid. The development comes as Adani continues to expand its business interests globally, with a focus on infrastructure and energy sectors. APSEZ has been actively pursuing expansion opportunities in the UK, and the bid for ABP is seen as a strategic move to strengthen its presence in the region. The UK's port industry is a significant player in the global trade, with ABP operating several major ports across the country. The acquisition of ABP would give APSEZ a significant foothold in the UK market, allowing it to expand its operations and increase its market share. The deal is expected to be worth billions of dollars, although the exact figure has not been disclosed. The Economic Times reported that the bid is expected to be completed by the end of 2026.