Maersk, JSW and Essar Ports join the race for divestment of Concor

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

Maersk, the world’s largest container shipping line and vessel operator, has shown interest in buying part of the government’s stake in Container Corporation of India (Concor). According to people close to the development, the Danish shipping major has participated in the second round of the pre-expression of interest (EoI) roadshows held by the Department of Investment and Public Asset Management (Dipam).

Two other companies that participated in the second round were JSW Group and Essar Ports. 

The Concor disinvestment process which was cleared in November 2019 allows the government to sell about 30.8 per cent in its holding of 54.8