Fatima Al-Kashef

Abu Dhabi Ports Group, listed on the Abu Dhabi Securities Exchange, will acquire Corridor Logistica e Infrastrutura (CLI), a Brazilian operator of bulk agricultural cargo terminals, to expand its agricultural commodities trading sector, according to a disclosure by Abu Dhabi Ports to the stock exchange this week.

Abu Dhabi Ports Group was established in 2006, and its shares were listed on the Abu Dhabi Securities Exchange in February 2022. It operates in the management and development of ports and logistics services, and has a presence in more than 50 countries.

CLI, founded in 2013, focuses on receiving, storing, and shipping Brazil's main agricultural commodities, primarily sugar, soybeans, and corn. Its assets include a sugar, corn, and soybean export terminal at the port of Santos and an 80% stake in a grain export terminal at the port of Itaqui.

Deal details

(According to the statement)

The total value of the deal is AED 3.1 billion ($844 million), making it the largest merger and acquisition in the history of the Emirati group to date.

The transaction is expected to be completed during the second half of 2026, subject to customary conditions being met and regulatory and antitrust approvals in Brazil being obtained, with CLI's senior management team continuing to perform its duties.

The acquisition allows Abu Dhabi Ports to enter Latin American markets through an existing operational platform, at a time when the agri-food sector is one of the key pillars of the group’s global expansion strategy.

These assets are expected to benefit from strong global demand for grains and sugar. Brazil is the world's largest sugar exporter, accounting for between 40% and 50% of total global exports, as well as being one of the world's largest exporters of soybeans, corn, and coffee.

(Prepared by: Fatima Al-Kashef, Edited by: Shaimaa Hefzy and Omnia Assem, Contact: zawya.arabic@lseg.com )

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