PRESSR: Nuatum, a subsidiary of Abu Dhabi Ports Group, announces the sale of its minority stake in Barcelona Container Warehouse Services Group.

First published: 04-Oct-2023 12:03:48

The deal is in line with Abu Dhabi Ports Group's strategy to strengthen its asset portfolio and divest from non-core stakes and investments

Madrid, Spain/Abu Dhabi, United Arab Emirates: Abu Dhabi Ports Group (ADX: ADPORTS), the leading global engine for trade, industry and logistics services, announced that its subsidiary Nuatom, which leads the group’s logistics sector operations, has completed the sale of its 27.9% stake in “ Barcelona Container Depot Service Group, with an equity value of €11 million, resulting in a one-off capital gain of €10 million.

It is worth noting that Barcelona Container Depot Services Group works in the field of storing, maintaining, repairing and cleaning dry and refrigerated containers in addition to tanks compatible with ISO standards. It operates its business from six locations across Spain, and the bulk of its operations are based in the city of Barcelona.

This deal comes in line with Abu Dhabi Ports Group’s strategy to enhance the proactive management of its asset portfolio, and generate revenues from non-core shares and investments through which it is not possible to have majority stakes and/or operational control.

On this occasion, Captain Mohammed Juma Al Shamsi, Managing Director and CEO, Abu Dhabi Ports Group, said: “Relinquishing Nuatum’s minority stake in Barcelona Container Warehouse Services Group represents an important development for the company that recently joined the Abu Dhabi Ports Group portfolio. This step reflects Nuatum’s keenness to "To strengthen its portfolio of strategic investments, and to continue focusing on its long-term goals. With Nuatum taking over the operations of the logistics sector in the group, we will remain committed to providing exceptional value to our customers and partners, while we continue to achieve our ambitious goals for growth and contribute to achieving the vision of our wise leadership for economic diversification."

In turn, Antonio Campoy, CEO of Nuatome and Logistics Sector, Abu Dhabi Ports Group, said: “We are pleased to announce that we have successfully completed the sale of the 27.9% minority stake in Barcelona Container Warehouse Services Group, in order to strengthen our asset portfolio and focus our resources on core projects that drive "The wheel of growth and expansion of our stations and integrated marine and logistics businesses. We look forward to providing new opportunities that enhance our position and the services we provide to the European and global markets."

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About Abu Dhabi Ports Group

Established in 2006, Abu Dhabi Ports Group is one of the main engines of trade, industry and logistics in the world, and forms a link between Abu Dhabi and all parts of the world.

Abu Dhabi Ports Group, listed on the Abu Dhabi Stock Exchange under the symbol: (ADX: ADPORTS), follows an integrated business model that has contributed to advancing economic development in the emirate over the past decade.

The Abu Dhabi Ports Group includes a number of main business sectors, namely: the ports sector, the economic cities sector and free zones, the maritime and shipping sector, the logistics sector, and the digital sector, and its portfolio includes 30+ ports and terminals, in addition to more than 550 square kilometers of economic zones under the umbrella of the group. Kizad, the largest commercial, logistics and industrial complex in the Middle East.

Abu Dhabi Ports Group was rated (A+) with a stable outlook by S&P and Fitch.

About Nuatom

Nuatum, a subsidiary of Abu Dhabi Ports Group, is a leading multinational conglomerate specializing in providing comprehensive transportation, logistics and port operations management services.

Noatom's portfolio includes three main arms: Noatom Marine, which is the marine services arm; Nuatome Logistics, its end-to-end logistics arm; and Nuatum Terminals, its port operations arm.

Through our multi-sectoral business approach, we aim to provide our services across three sectors through which we provide comprehensive solutions characterized by a high degree of specialization and innovation.

Nuatom is deployed in 27 countries and has partnerships in five other countries. It annually performs more than 15,400 port handling operations, handling more than 13.6 million tons of bulk and general cargo, and more than one million vehicles. In addition, Noatom handles more than 620,000 containers at terminals and warehouses, manages 535,000 square meters of storage space at multiple temperatures, and the volume of containers it transports reaches more than 580,000 TEUs.

In 2023, Abu Dhabi Ports Group completed the acquisition of Nuatom, which handles the group's logistics sector operations.

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