Tuesday , August 21 2018

Mubadala, MIP to sell 50% stake in Abu Dhabi Terminals

ABU DHABI / WAM

Mubadala Investment Company and Mubadala Infrastructure Partners (MIP) agreed to sell their combined equity interest of 50 percent in Abu Dhabi Terminals (ADT) to the remaining shareholder, Abu Dhabi Ports, for an undisclosed amount. ADT is the first commercial port operator in the Emirate of Abu Dhabi. Its core business is to operate and manage a 30-year concession at the Khalifa Port Container Terminal, the region’s first semi-automated and most technologically advanced container terminal.
“Our strategic investment in ADT is a demonstration of our continued commitment to growing and developing core industry sectors in Abu Dhabi,” said Khaled Al Qubaisi, Mubadala’s Chief Executive Officer of Aerospace, Renewables and ICT. “We are confi- dent ADT will see even greater success as it starts its next chapter while retaining its important role in Abu Dhabi’s economy,” he added.

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