{"id":83619,"date":"2025-01-09T00:00:00","date_gmt":"2025-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/09\/adnoc-ls-finalizes-acquisition-of-navig8-in-usd-1-04-bn-transaction\/"},"modified":"2025-01-09T00:00:00","modified_gmt":"2025-01-09T00:00:00","slug":"adnoc-ls-finalizes-acquisition-of-navig8-in-usd-1-04-bn-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/01\/09\/adnoc-ls-finalizes-acquisition-of-navig8-in-usd-1-04-bn-transaction\/","title":{"rendered":"Adnoc L&S finalizes acquisition of Navig8 in USD 1.04 bn transaction"},"content":{"rendered":"

Adnoc closes Navig8 acquisition, secures more funding for investments: <\/strong>Adnoc L&S has finalized its acquisition of an 80% stake in Navig8 in a USD 1.04 bn transaction, with a contractual agreement to acquire the remaining 20% in mid-2027 for between USD 335 mn and USD 450 mn, according to a press release (pdf)<\/a>. The remaining 20% is contingent on EBITDA delivery ad-interim, payable at that time, the statement added.<\/p>\n

Adnoc\u2019s logistics arm also inked a USD 1.1 bn to USD 2 bn hybrid capital instrument (HCI) to fund its investments<\/strong>, with nearly USD 1 bn of the HCI used to fund the acquisition of Navig8, according to a separate press release (pdf)<\/a>. That first drawdown bears an all-in pricing below the Secured Overnight Financing Rate (SOFR) plus 150 basis points. The remaining USD 900 mn will be available to be drawn by 31 December 2026 to fund new \u2014 and previously announced \u2014 investments. <\/p>\n

ADVISORS-<\/strong> The facility was arranged and led by Societe Generale, with participation from Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Cr\u00e9dit Agricole Corporate and Investment Bank, BBVA and DBS Bank.<\/p>\n

A boon for Adnoc L&S: <\/strong>The first full financial year following the acquisition is expected to see a minimum 20% boost to Adnoc L&S\u2019 earnings per share in 2025, the statement said. The acquisition will also boost Adnoc L&S\u2019 services portfolio<\/a> to include bunker trading, pooling, and other services, and expand its footprint to Navig8\u2019s 15 global locations. The acquisition is also expected to save Adnoc L&S some USD 100 mn per year in technical management costs and costs associated with bunkering operations. <\/p>\n

REMEMBER- <\/strong>The European Commission approved Adnoc L&S\u2019 acquisition of an 80% stake in Navig8 back in December<\/a> and its subsidiary Integr8 for USD 1 bn, with a deferred payment for the remaining 20% in 2027. <\/p>\n","protected":false},"excerpt":{"rendered":"

The remaining 20% is expected to be obtained in 2027<\/p>\n","protected":false},"author":1,"featured_media":83620,"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":[317,137,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-adnoc-logistics","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"152afefc-431d-4418-93bf-56c51747c1fa","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/292.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc L&S finalizes acquisition of Navig8 in USD 1.04 bn transaction","related_issue":[83614],"teaser":"The remaining 20% is expected to be obtained in 2027","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.6d65a6d0-8143-40c4-88da-01bc4adeacc9.mp3"},"yoast_head":"\nAdnoc L&S finalizes acquisition of Navig8 in USD 1.04 bn transaction - 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