Cairo - Mubasher: Abu Dhabi Ports Company (AD Ports) plans to launch a cash mandatory tender offer (MTO) to acquire an additional stake in Alexandria Container & Cargo Handling Company, taking control over one of Egypt’s largest container terminal operators.
The UAE-based group will offer EGP 22.99 per share, targeting the acquisition of around 32% of the EGX-listed company's issued share capital, according to a press release.
The transaction is expected to be completed in the second quarter (Q2) of 2026, subject to regulatory approvals in Egypt.
Government shareholders, which hold most of the remaining shares, will retain their current ownership levels. Meanwhile, AD Ports is assessing multiple financing options for the offer and will select the most accretive structure.
The acquisition would increase the group’s top line by more than 3%, based on Alexandria Containers’ revenues for fiscal year (FY) 2024/2025.
Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports, stated: “This investment would support our efforts to facilitate trade through this vital corridor, while deepening our partnerships and expanding our investments in Egypt, one of our fastest-growing foreign markets.”
“This major strategic deployment in Egypt would be fully aligned with the directives of our wise leadership to drive economic diversification, strengthen regional integration, and deliver long-term value for our stakeholders,” the CEO added.
The EGX-listed company operates container terminals at Alexandria and El-Dekheila ports, with a combined quay length of around 1.60 kilometres (km) and direct rail connectivity, serving major shipping lines including MSC, Evergreen, and Hapag-Lloyd.
Last November, AD Ports bought 19.30% equity in Alexandria Container from Saudi Egyptian Investment Company (SEIC) in a block trade valued at EGP 13.23 billion.
