AD Ports makes biggest-ever acquisition with $835m Brazil agri-bulk deal

AI Summary

AD Ports Group has made its largest acquisition, purchasing Brazilian agri-bulk terminal operator Corredor Logística e Infraestrutura for $835 million. This deal marks the port operator's entry into South America and aims to expand its agrifoods logistics platform across Latin America.

AD Ports Group has entered the South American market with its largest acquisition to date, agreeing to buy Brazilian agri-bulk terminal operator Corredor Logística e Infraestrutura (CLI) for AED3.1bn ($835m). The Abu Dhabi-based ports and logistics group said the deal will strengthen its fast-growing agrifoods business while creating a platform for expansion across Latin America. …