India’s Mazagon Shipbuilders to Acquire Colombo Dockyard

Mazagon Dock shares jump 2% on Rs 452-crore acquisition of Sri Lanka's Colombo Dockyard

Mazagon Dock Shipbuilders To Acquire Controlling Stake In Colombo Dockyard PLC

India’s Mazagon Shipbuilders to Acquire Colombo Dockyard

India’s state-owned Mazagon Shipbuilders has revealed its proposed acquisition of a controlling stake in Sri Lanka’s Colombo Dockyard. If successful, this will become the first international acquisition by an Indian yard, at a time the country is intensifying efforts to capture a bigger share of the global shipbuilding market. The deal is valued at $52.96 million, representing at least 51 percent equity in Colombo Dockyard. This stake was earlie…

Mazagon Dock acquires Colombo Dockyard

State owned Mazagon Dock Shipbuilders Limited (MDL), has announced that on the 27th June it’s board approved the acquisition of Colombo Dockyard PLC (CDPLC), based in Sri-Lanka, the acquisition of the 51% stake cost 425 crore (Rupees), Around £36.1m GBP. The deal is expected to close within the next four to six months pending regulatory […] The post Mazagon Dock acquires Colombo Dockyard first appeared on SeaNews.

India's Mazagon Dock Shipbuilders to buy controlling stake in Colombo Shipyard

Mazagon Dock to acquire controlling stake in Sri Lanka's Colombo Dockyard

India’s Mazagon has announced that its board of directors has approved the acquisition of a controlling stake in Colombo Dockyard (CDPLC)The post Mazagon Dock to acquire controlling stake in Sri Lanka’s Colombo Dockyard appeared first on Ship Technology.