Categories: Business

UAE In-Focus — AD Ports Group acquires Noatum for $681m; Taaleem completes book building for IPO


Sun, 2022-11-20 15:16

DUBAI: Abu Dhabi Ports Group has acquired 100 percent ownership of Spanish logistics platform Noatum for 2.5 billion dirhams ($681 million) as the Emirati industrial parks and free zones operator aims to continue to expand internationally.   

AD Ports Group said the acquisition deal which will be fully funded through a loan will broaden its global footprint while placing it among the world’s leading logistics and freight forwarding companies.  

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