Acquisition of 19.328% Stake in Alexandria Container & Cargo Handling Company
Sector: Seaport • Location: Alexandria, Egypt
Source: Container Management
AD Ports Group acquired a 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN), one of the largest container terminal operators in Egypt, from Saudi Egyptian Investment Company (SEIC). The acquisition is valued at approximately EGP 13.2 billion (US$278 million) and aims to enhance trade facilitation along the East-West corridor connecting Asia, the Middle East, and Europe,
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Participants
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Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Description
Description | AD Ports Group acquired a 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN), one of the largest container terminal operators in Egypt, from Saudi Egyptian Investment Company (SEIC). The acquisition is valued at approximately EGP 13.2 billion (US$278 million) and aims to enhance trade facilitation along the East-West corridor connecting Asia, the Middle East, and Europe, supporting Egypt's economic diversification and sustainable development goals. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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