ZAWYA: AD Ports buys additional 30% stake in Global Feeder Shipping for $300mln

About this update from Abu Dhabi Ports Company Pjsc

Staff WriterAD Ports Group, the Abu Dhabi-based ports and logistics operator, has increased its stake in Global Feeder Shipping (GFS) to 81% after acquiring an additional 30% holding for AED 1.1 billion ($300 million).The transaction follows the exercise of a call option agreed in 2024 when AD Ports Group acquired a 51% stake. The deal values GFS at an enterprise value of AED 3.67 billion. The acquisition will be financed through a combination of debt and asset monetisation.GFS, among the world’s largest container feeder shipping lines by capacity, in 2025 reported strong operating performance, transporting 2.8 million TEUs (Twenty-Foot Equivalent Units) and generating cumulative EBITDA exceeding AED 1.8 billion.The move is in line with AD Ports’ strategy to expand maritime logistics capabilities.(Writing by Brinda Darasha; editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

View stock analysis, news, and events for Abu Dhabi Ports Company Pjsc