AD Ports boosts Global Feeder Shipping stake with $300m deal amid trade disruption
AD Ports Group has invested Dh1.1 billion ($300 million) to raise its stake in Dubai-based Global Feeder Shipping as it seeks to boost connectivity amid trade disruption. The Abu Dhabi company bought an additional 30 per cent stake in GFS, raising its ownership to 81 per cent, AD Ports said in a sta
AI Translated Summary:
AD Ports Group has increased its stake in Global Feeder Shipping to 81% with a $300 million investment, aiming to enhance connectivity during trade disruptions. This move reflects the company's strategy to strengthen its position in the shipping industry amidst ongoing challenges.
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