20 Hrs
Source:
الخليج
Abu Dhabi Ports acquires CLI Brazil
Abu Dhabi Ports Group announced the completion of its acquisition of the Brazilian company "CLI," which specializes in bulk agricultural cargo terminals, for a value of AED 3.1 billion (USD 835 million). This represents the largest acquisition deal in the group's history and marks its first entry into the South American markets, strengthening its presence in the global agricultural export sector. The deal focuses on supporting Brazil's export and import network through two main terminals, as well as developing new trade routes connecting Brazil with Khalifa and Abu Dhabi Ports, to enhance agricultural product trade between the region and the world.
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