AD Ports to acquire 80% of Dubai’s Global Feeder Shipping
AD Ports and GFS executives signing the agreement
Abu Dhabi-based port operator AD Ports Group has acquired an 80% stake in Dubai-based Global Feeder Shipping (GFS) for AED 2.9 billion ($800 million), implying a valuation of almost AED 3.7 billion ($1 billion). The acquisition will be fully funded through a new acquisition loan, AD Ports said in a […]
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