Abu Dhabi Ports completes CIL deal
Abu Dhabi Ports Group announced the completion of its acquisition of the Brazilian company "CLI," which specializes in bulk agricultural cargo terminals in Brazil, for a value of 3.1 billion AED (835 million USD). With this, the company has become part of the group's international portfolio, marking the group's first entry into the South American market and representing its largest acquisition to date. The deal was finalized after all conditions were met and regulatory approvals were obtained from the Brazilian authorities.
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