Israeli firm Gadot and India’s Adani Ports have won the tender for the sale of Haifa port.
Announced by Israel’s Finance Ministry and reported by Reuters, the Ministry promised the deal will lower costs for consumers.
The group will buy the port for a sum of 4.1 billion shekels ($1.18 billion), the Ministry noted.
Adani Ports will have a 70 per cent stake and Gadot will hold the remaining 30 per cent, the Indian company said.
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Adani and Gadot were one of three groups to reach the final stage in the government tender.
Haifa port is the largest of Israel’s three major international seaports.
In September 2021 Adani Ports and Special Economic Zone (APSEZ) took over Gangavaram Port (GPL).