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UAE’s Magellan Capital snaps up majority stake in Danish Ship Finance
Magellan will own 90% of the Danish ship financing firm
Agility’s Menzies Aviation nabs a 50.1% stake in Groundforce Portugal
The move grants Menzies a 65% market share in Portugal
Adnoc L&S acquires 80% of Navig8 in USD 1.04 bn transaction
The remaining 20% will be obtained in 2027
UAE’s East Africa Gateway snaps up 95% stake in Tanzanian container terminal
Adani has also inked a 30-year concession to manage and operate the port’s main container terminal
Adnoc mulls bid for Shell’s downstream assets in South Africa
The potential sale could have a price tag of USD 800 mn
Almarai receives regulatory greenlight for Etmam Logistics acquisition
The move will boost Almarai’s supply chains for frozen products in Saudi Arabia
Abu Dhabi Aviation closes share swap agreement with ADQ Aviation
ADA will issue convertible notes valued at AED 4 bn
Budget Saudi unit acquires 70% of UAE freight forwarder Overseas Development
Details on follow-on acquisitions of shares in KSA and Kuwait have not been disclosed
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