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

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.