Adani Ports sells Myanmar Port for $30 million

Adani Ports and Special Economic Zone Limited (APSEZL) has finalised the sale of Myanmar Port for a total of $30 million. APSEZL has obtained an independent valuation on an “as is where is” basis due to the ongoing delay in the approval process and difficulties in meeting certain condition precedents. After receiving the total transaction value, APSEZL will transfer the equity to the buyer and exit.