AD Ports tightens grip on Global Feeder Shipping

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AD Ports tightens grip on Global Feeder Shipping

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Abu Dhabi-listed AD Ports Group has increased its ownership in Global Feeder Shipping to 81% by acquiring an additional 30% stake for AED1.1 billion ($300 million). This move consolidates AD Ports' control over one of the largest container feeder operators globally.

Abu Dhabi-listed AD Ports Group has increased its holding in Dubai-based Global Feeder Shipping to 81% after acquiring an additional 30% stake for AED1.1bn ($300m). The deal sees AD Ports exercise a call option agreed as part of its earlier investment in GFS, one of the largest container feeder operators in the world. The transaction …

Markets Deals Shipping AD Ports Global Feeder Shipping stake acquisition shipping industry Abu Dhabi container shipping

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