APM Terminals in talks to buy majority stake in L&T's Kattupalli Port.

APM Terminals, one of the largest container operators in the world, is in early discussions to buy majority stake in Larsen & Toubro's Kattupalli port, which has been struggling to attract shipping lines since its inception, a person familiar with the discussions told ET.

ET had earlier reported that L&T is looking to sell a stake in the ports business of Kattupalli International Container Terminal, a Rs. 3,989-crore port-cum-shipyard complex developed jointly with state government entity TIDCO.

ET