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AD Ports Group Completes Acquisition of Majority Stakes in Egypt's Transmar and Transcargo International (TCI)

AD Ports Group Completes Acquisition of Majority Stakes in Egypt's Transmar and Transcargo International (TCI)
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AD Ports buys majority stake in two Egyptian maritime firms

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.
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AD Ports to buy majority stake in Egypt's Transmar & Transcargo Intl

Investment extends AD Ports Group’s presence in the Red Sea container, cargo and port operations. ....

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AD Ports to buy majority stake in Egyptian maritime companies

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). ....

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AD Ports Group to buy stake in parent firm of two Egyptian shippers for Dh514m

Deal will be fully funded from Abu Dhabi firm’s Dh3b cash reserves ....

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