News / New Delhi pushes for rapid sale of 30% of its shares in Concor

Credit PSA Mumbai

India’s government is looking to sell some 30% of its shares in rail operator Container Corp of India (Concor) by the end of this financial year.

AP Møller-Maersk (APMM) is being seen as a potential suitor, the Danish conglomerate pursuing an aggressive drive into integrated logistics offerings.

Concor, an offshoot of Indian Railways, is the largest container rail operator in the country, with a nationwide inland container depot (ICD) network.

According to industry sources, APMM has participated in a series of pre-bidding sessions ...