AD Ports subsidiary acquires APM Terminals Castellón for $11m in Spain

RIYADH: Abu Dhabi Ports Group has expanded its operational capacity with the acquisition of Spain’s APM Terminals Castellón for €10 million ($10.93 million) through a subsidiary.      

The deal was carried out by Noatum Terminals, the operations division of the Noatum Group, a fully-owned unit of the Emirati holding company.    

The takeover is aimed at modernizing and maintaining existing facilities and equipment, according to a press release.   

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