Danish shipping and oil group A. P. Moeller-Maersk is poised to buy out two other stakeholders in private Indian shipping port Gujarat Pipavav, Indian media said on Monday.
According to financial daily Business Line, Maersk India will acquire Port of Singapore's 20 percent as well as Sea King Infrastructure's 16 percent stake.
Maersk, who declined to comment on the story, already holds 14 percent of the shares in Gujarat Pipavav, which is on the west coast of India.
Last week, Maersk said it was close to win a 30-year licence to operate the state-owned Jawaharlal Nehru Port (JNPT) in the western state of Maharashtra, south of Bombay.
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