Abu Dhabi (Etihad)
Abu Dhabi Ports Group announced that its subsidiary, Notom, which leads the group’s logistics sector operations, has completed the sale of its 27.9% stake in Barcelona Container Warehouse Services Group, with a share value of 11 million euros, resulting in a one-time capital gain. An amount of 10 million euros.
Abu Dhabi Ports Group said that this deal comes in line with its strategy, to enhance the proactive management of its asset portfolio, and to achieve revenues from non-core shares and investments through which it is not possible to own majority shares and/or operational control.
Captain Mohammed Juma Al Shamsi, Managing Director and CEO, Abu Dhabi Ports Group, considered the relinquishment of Noatum’s minority stake in (Barcelona Container Warehouse Services Group) an important development for the company and reflects its keenness to enhance its portfolio of strategic investments and continue focusing on its long-term goals.
2023-10-04 21:26:46
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