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  • Logistics Update Africa shared a link
    2025-11-26 07:39:29 - Translate -
    AD Ports Group has acquired the Saudi Egyptian Investment Company’s 19.328 per cent stake in Alexandria Container and Cargo Handling Company in a transaction valued at about EGP 13.2 billion. The deal marks a step in the group’s plan to expand in Egypt and strengthen its presence in the Mediterranean trade corridor.

    #ADPortsGroup #SEIC #Egypt #Alexandria #terminals #trade #acquisition #maritime #AlexandriaContainerCompany #Shipping
    AD Ports Group has acquired the Saudi Egyptian Investment Company’s 19.328 per cent stake in Alexandria Container and Cargo Handling Company in a transaction valued at about EGP 13.2 billion. The deal marks a step in the group’s plan to expand in Egypt and strengthen its presence in the Mediterranean trade corridor. #ADPortsGroup #SEIC #Egypt #Alexandria #terminals #trade #acquisition #maritime #AlexandriaContainerCompany #Shipping
    WWW.LOGUPDATEAFRICA.COM
    AD Ports Group buys SEIC stake in Alexandria Container Company
    AD Ports Group financed the acquisition through a mix of cash and debt.
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