AD Ports has acquired an 80% share in regional vessel operator Global Feeder Shipping (GFS) for $800m.
It’s a move that will see the port operator also secure a significant share of the regional feeder market.
Subject to regulatory approvals, the deal will see the Abu Dhabi Securities Exchange-listed AD Ports Group become the largest regional feeder operator serving Asia, the Subcontinent, Middle East and Africa.
GFS will be integrated into AD Ports’ …
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