AD Ports to acquire an 80% stake in Global Feeder Shipping for $800m.

AD Ports, a global trade, logistics and transport enabler and operator of 10 ports & terminals, agreed to acquire an 80% stake in Global Feeder Shipping, a global container shipping company, for $800m. "At the direction of our nation’s wise leadership, AD Ports Group has been on a journey of development throughout 2022, driven by both organic growth and prudent investments. Our acquisition of a majority stake in GFS, which is the largest external investment in our company’s history, will deliver a step-change in the range of services we can offer and significantly enhance our global connectivity. Our ambition is to become one of the world’s leading shipping companies, offering the most comprehensive range of maritime services, and this investment moves us significantly closer to achieving that goal," H.E. Falah Mohammed Al Ahbabi, AD Ports Chairman.