{"id":76664,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/12\/uae-based-east-africa-gateway-is-reportedly-eyeing-a-tanzania-port-acquisition\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"uae-based-east-africa-gateway-is-reportedly-eyeing-a-tanzania-port-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/12\/uae-based-east-africa-gateway-is-reportedly-eyeing-a-tanzania-port-acquisition\/","title":{"rendered":"UAE-based East Africa Gateway is reportedly eyeing a Tanzania port acquisition"},"content":{"rendered":"

<\/strong>Adani Group\u2019s UAE-based subsidiary is eyeing a container terminal in Tanzania: <\/strong>UAE-based East Africa Gateway, a subsidiary of Indian port operator Adani Ports and Special Economic Zone<\/a>, has reportedly agreed to acquire Tanzania International Container Terminal Services<\/a> (Ticts), which operates a container terminal at Tanzania\u2019s Dar es Salaam, Economic Times Infra<\/a> reported, citing a public note from Tanzania\u2019s Fair Competition Commission<\/a> (FCC). The value of the agreement was undisclosed. <\/p>\n

What we know:<\/strong> 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\u2019 third international port acquisition, with the company\u2019s portfolio currently including Israel\u2019s Haifa Port \u2014 purchased from the Israeli government in a USD 1.15 bn transaction<\/a> last year \u2014 and a terminal that is being developed<\/a> at Sri Lanka\u2019s Colombo Port. <\/p>\n

The FCC will reportedly review and investigate the potential acquisition to ensure that it <\/strong>would not harm competition in the sector<\/strong>, 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.<\/p>\n

Could AD Ports be involved? <\/strong>AD Ports inked an MoU<\/a> with Adani Ports and SEZ back in 2022 to invest in logistics infrastructure in Tanzania \u2014 including in maritime services, port operations, rail infrastructure, digital services, and an industrial zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

The potential transaction is under review by Tanzania\u2019s antitrust regulator<\/p>\n","protected":false},"author":1,"featured_media":76665,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[168,23,137,37,123,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-ad-ports","tag-dp-world","tag-ma-watch","tag-ports","tag-shipping-maritime","tag-uae","wpautop","entry"],"acf":{"mongo_id":"83b4fafe-8021-437b-ba4b-8a5db9afefdc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/882.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE-based 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