Adani Group’s UAE-based subsidiary is eyeing a container terminal in Tanzania: UAE-based East Africa Gateway, a subsidiary of Indian port operator Adani Ports and Special Economic Zone, has reportedly agreed to acquire Tanzania International Container Terminal Services (Ticts), which operates a container terminal at Tanzania’s Dar es Salaam, Economic Times Infra reported, citing a public note from Tanzania’s Fair Competition Commission (FCC). The value of the agreement was undisclosed.

What we know: East Africa Gateway is looking to uptake the entire equity of TICTS, FCC reportedly said, with the antitrust regulator reviewing the sale to determine whether it will harm competition. If the transaction were to be approved it would mark APSEZ’ third international port acquisition, with the company’s portfolio currently including Israel’s Haifa Port — purchased from the Israeli government in a USD 1.15 bn transaction last year — and a terminal that is being developed at Sri Lanka’s Colombo Port.

The FCC will reportedly review and investigate the potential acquisition to ensure that it would not harm competition in the sector, ET Infra quotes the FCC as saying. Adani Ports and SEZ has already been running four container handling berths at Dar es Salaam port, under a five-year agreement with Ticts, the newswire writes.

Could AD Ports be involved? AD Ports inked an MoU with Adani Ports and SEZ back in 2022 to invest in logistics infrastructure in Tanzania — including in maritime services, port operations, rail infrastructure, digital services, and an industrial zone.

Tags: