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Essar Ports today said a strategic pact between the company and Port of Antwerp International has been mutually terminated.
“The Strategic Alliance Agreement executed amongst the company, Port of Antwerp International and Port of Antwerp International UK Limited (“SSA“) has been mutually terminated,” Ruias-promoted Essar Ports said in a regulatory filing.
The parties will however continue to work on the ongoing engagements which were initiated under the SAA, the filing said.
The company had earlier entered into a strategic pact with Port of Antwerp International UK Limited, a subsidiary of the Port of Antwerp.
Shares of the company closed at Rs 104.50 on BSE, down 0.48 per cent from previous close.
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