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Saturday, December 3, 2022
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Garrigues, A&O advise on AD Ports Group´s acquisition of Noatum

Garrigues has advised Spanish logistics company Noatum Logistics on its sale to AD Ports Group, conselled by Allen & Overy, for €660 million

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Established in 2006 in the United Arab Emirates, AD Ports Group today serves as a global premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.

Operating several clusters covering Ports, Economic Cities & Free Zones, Maritime, Logistics, and Digital, AD Ports Group’s portfolio comprises ten ports and terminals and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.

The Noatum Group’s solid track record, the sustained success of its business model, and the expertise of its professionals have been key to AD Ports Group considering Noatum as a perfect fit for its business conglomerate.

Antonio Campoy, CEO of Noatum, said: “I would like to personally acknowledge the trust placed in us by AD Ports Group and their commitment to maintaining Noatum’s current organizational structure. The agreement also represents a great opportunity for growth for our group and the people who are part of it.”

Noatum is a leading multinational group in transport, comprehensive logistics, and port operations services.

AD Ports has stated its intention to create a market-leading international logistics brand by consolidating its existing logistics business with Noatum in order to gain a significant presence in the Middle East and enhance the company’s global footprint. Going forward, Noatum will lead AD Ports Group’s Logistics Cluster, consolidating the company’s existing range of logistics services in its operations.

Garrigues’ team advising Noatum on this deal was led by partner Ferrán Escayola.

From left to right: Ibrahim Mubaydeen, Nick Stuart and  Fernando Torrente

Allen & Overy advised Abu Dhabi Ports Group with a team led by Abu Dhabi managing partner Ibrahim Mubaydeen, Abu Dhabi Corporate partner Nick Stuart and Spanish Corporate partner Fernando Torrente.

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