News / AD Ports launches takeover bid for Egyptian terminal operator ALCN

Alexandria Container & Cargo Handling Company
Photo: Alexandria Container & Cargo Handling Company
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Abu Dhabi’s rapidly expanding AD Ports Group announced this morning it is preparing a takeover bid for Egyptian terminal operator Alexandria Container & Cargo Handling Company (ALCN), which is listed on the Egyptian Stock Exchange.

Last month, AD Ports acquired a 19.3% stake in ALCN from ...

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