The race for divestment of CONCOR has drawn interest from Maersk, JSW Group and Essar Ports, during the second round of pre-expression of interest roadshow held by the Department of Investment and Public Asset Management.

The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year.

The race for divestment of Container Corporation of India (Concor) has drawn interest from the world s largest container shipping line and vessel operator Maersk. According to sources close to the development, the Danish major has participated in the second round of pre-expression of interest (EoI) roadshow held by the Department of Investment and Public Asset Management (Dipam).The other two companies which were part of the second round included JSW Group and Essar Ports. This comes after five companies — I Squared Capital, Sojitz Corporation, Adani Group, D P World and PSA Singapore – showed interest in the first round of roadshows held last month. A second round was conducted, seeing interests from global majors like Maersk, said a source aware of the development.

Source : maritimegateway