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Belgium's Port of Antwerp invests $31 mln in India's Essar Ports
May 30, 2012 / 9:38 AM / 6 years ago

Belgium's Port of Antwerp invests $31 mln in India's Essar Ports

NEW DELHI, May 30 (Reuters) - India’s Essar Ports said on Wednesday Belgium’s Port of Antwerp has infused 1.75 billion rupees ($31.35 million) into the company, as it looks to expand in the country.

The Belgian company’s investment is through global depository receipts at 100 rupees a piece.

Jan Adam, Chief Financial Officer of Port of Antwerp, will become a non-executive director on the Essar Ports board, it said.

The two companies will collaborate in training and consultancy services, port planning, traffic flow, quality and productivity improvement, Essar said. ($1 = 55.8150 Indian rupees) (Reporting by Anurag Kotoky)

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