AD Ports Group Acquires 80% Stake in Global Feeder Shipping

AD Ports Group announced that it has signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company.The total purchase consideration for the 80% stake amounts to US$ 800 million, implying a 100% Enterprise Value of US$ 1.0 billion), with the acquisition being fully funded through a new acquisition loan.This earnings and value-accretive strategic investment significantly broadens AD Ports Group's global ... [+]

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