From Dealroom · · 1m
AD Ports buys Brazil's CLI for $835M
UAE port groups gain control of Brazil's key agricultural export terminals.
In brief
UAE port groups gain control of Brazil's key agricultural export terminals. AD Ports Group acquired Brazil's CLI for $835 million, adding two major terminals to its portfolio in Santos and Itaqui. Originally reported by Dealroom.
Quick answers
- What's the deal?
- AD Ports Group, an Abu Dhabi-listed operator, acquired Brazilian agri-bulk terminal company CLI for $835 million, the largest acquisition in its history.
- What changes?
- The deal gives AD Ports two strategic terminals: CLI Sul, the largest independent sugar export terminal at the Port of Santos, and CLI Norte at the Port of Itaqui in Maranhão.
- Who sold?
- Funds managed by Macquarie Asset Management and IG4 Capital purchased CLI after clearing Brazil's National Waterway Transportation Agency and antitrust authority CADE.
- Why now?
- The acquisition supports Abu Dhabi's food security strategy, built around the Abu Dhabi Food Hub at the Khalifa Economic Zones Abu Dhabi.
- What is the key takeaway from AD Ports buys Brazil's CLI for $835M?
- AD Ports Group acquired Brazil's CLI for $835 million, adding two major terminals to its portfolio in Santos and Itaqui.
What's the deal?
AD Ports Group, an Abu Dhabi-listed operator, acquired Brazilian agri-bulk terminal company CLI for $835 million, the largest acquisition in its history.
What changes?
The deal gives AD Ports two strategic terminals: CLI Sul, the largest independent sugar export terminal at the Port of Santos, and CLI Norte at the Port of Itaqui in Maranhão.
Who sold?
Funds managed by Macquarie Asset Management and IG4 Capital purchased CLI after clearing Brazil's National Waterway Transportation Agency and antitrust authority CADE.
Why now?
The acquisition supports Abu Dhabi's food security strategy, built around the Abu Dhabi Food Hub at the Khalifa Economic Zones Abu Dhabi.
At a glance
AD Ports Group acquired Brazil's CLI for $835 million, adding two major terminals to its portfolio in Santos and Itaqui.
