21 Hrs
Source:
اقتصاد سكاي نيوز عربية
Abu Dhabi Ports finalizes Brazil CIL acquisition
Abu Dhabi Ports Group announced the completion of its acquisition of the Brazilian company "CLI," which operates bulk agricultural cargo terminals in Brazil, for a total value of AED 3.1 billion (equivalent to USD 835 million). This deal represents the largest acquisition in the group's history and marks its first entry into South American markets. The Emirati ports group has fulfilled all regulatory requirements and obtained the necessary official approvals to finalize the transaction, following approval from Brazilian authorities. With the completion of this deal, "CLI" has become part of Abu Dhabi Ports' international portfolio, supporting the group's expansion into global markets.
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