AD Ports to buy stake in Brazil CLI for $835 million
Macquarie and IG4 Capital will sell their stake in Brazilian port operator CLI to AD Ports for $835 million. The deal aims to link Brazil to Abu Dhabi.
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Macquarie Group Ltd and IG4 Capital agreed to sell their controlling stake in Brazil port operator CLI to AD Ports Group for $835 million. The transaction marks the largest acquisition to date for the United Arab Emirates-based ports operator. The deal aims to establish new trade routes directly linking Brazilian agricultural exports to Khalifa Port and the Abu Dhabi Food Hub.
