Tags : Rafique Bachour

Deal & transactions Transport United Arab Emirates

Global Feeder Shipping sells majority stake to Abu Dhabi Ports 

Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.  The total purchase consideration for the 80% stake amounts to AED 2.9 billion (US$ 800 million), implying a 100% Enterprise Value of AED […]