AD Ports' Noatum buys Spanish finished vehicle logistics specialist
Less than a year after buying Spanish ports and logistics group Noatum in a $660m ...
AD Ports has acquired an 80% share in regional vessel operator Global Feeder Shipping (GFS) for $800m.
It’s a move that will see the port operator also secure a significant share of the regional feeder market.
Subject to regulatory approvals, the deal will see the Abu Dhabi Securities Exchange-listed AD Ports Group become the largest regional feeder operator serving Asia, the Subcontinent, Middle East and Africa.
GFS will be integrated into AD Ports’ own feeder network with operators Safeen and Transfar, making up ...
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