Indian billionaire Gautam Adani loses race for $13 billion UK ports group

Billionaires Africa | 22.10.2026 03:40
Indian billionaire Gautam Adani has lost the race to buy control of Associated British Ports, the UK's biggest port operator, after Australian fund manager IFM Investors agreed to buy a majority stake in a deal that values the company at about £10 billion ($13.4 billion).