AD Ports Group buys 80% stake in Global Feeder Shipping for $800mn

in #ad • 2 years ago

Abu Dhabi Securities Exchange-listed AD Ports Group has signed an agreement to acquire an 80 percent equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company. "The total purchase consideration for the 80 percent stake amounts to AED 2.9 billion ($800 million), implying a 100% enterprise value of AED 3.7 billion ($1 billion), with the acquisition being fully funded through a new acquisition loan," says a release from AD Ports.

LUA Post (5).jpg

#ports #group
2 years ago in #ad by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.17
    TRX 0.24
    JST 0.034
    BTC 96170.07
    ETH 2806.40
    SBD 0.67