PRESS RELEASE 

AD Ports Group Completes Acquisition of Majority Stakes in Egypt’s Transmar and Transcargo International (TCI)

Abu Dhabi, UAE – 13 September 2022: AD Ports Group has successfully completed the acquisition of a 70 percent equity stake in International Associated Cargo Carrier B.V., which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company (“Transmar”) and Transcargo International S.A.E. (“TCI”), initially announced on 1 July 2022.

The total purchase consideration (Enterprise Value) ...

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