AD Ports Group Completes Acquisition of Majority Stakes in Egypt s Transmar and Transcargo International (TCI) albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
AD Ports Group has completed the acquisition of a 70 per cent equity stake in Transmar International Shipping Company and Transcargo International for AED 514 million ($140 million) as part of its first international acquisition.
AD Ports Group said it has entered into a deal to acquire a 70% stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI).