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Abu Dhabi port operator acquires stake in Egyptian shipping firms

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The Abu Dhabi-based port operator AD Ports Group has acquired a stake in two Egyptian companies.

AD Ports Group announced today it acquired a 70% stake in International Associated Cargo Carrier B.V., which owns the Egyptian shipping company Transmar and the Egyptian cargo company TCI. AD Ports Group paid just under $140 million for the........

© Al Monitor

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