Newsflash:
 
Mundra Port and Special Economic Zone (MPSEZ) announced the acquisition of Abbot Point Port
Monday, 09 May 2011 13:23
Mundra Port and Special Economic Zone (MPSEZ) announced the acquisition of Abbot Point Port in Australia for Australian$1.8 billion. MPSEZ is owned by the Indian-based Adani Group. Australia's northeastern state of Queensland is selling the coal export terminal as part of an A$ 15 billion asset-sale programme. It will use the money for reconstruction following the devastation caused by floods and Cyclone Yasi. MPSEZ expects to close the all-cash deal by June.
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