{"id":96913,"date":"2026-06-15T00:00:00","date_gmt":"2026-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=96913"},"modified":"2026-06-15T05:58:15","modified_gmt":"2026-06-15T05:58:15","slug":"egypts-transport-ministry-to-reject-ad-ports-alexandria-container-takeover-bid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/06\/15\/egypts-transport-ministry-to-reject-ad-ports-alexandria-container-takeover-bid\/","title":{"rendered":"Egypt\u2019s Transport Ministry to reject AD Ports\u2019 Alexandria Container takeover bid"},"content":{"rendered":"<p><strong>Egypt&rsquo;s Transport Ministry is set to reject AD Port&rsquo;s mandatory tender offer (MTO) to acquire up to 90% of Alexandria Container and Cargo Handling (ALCN)<\/strong>, a senior government official tells EnterpriseAM. The Emirati port operator &mdash; bidding through its subsidiary Black Caspian Logistics &mdash; offered EGP 27.47 per share <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/14\/ad-ports-bumps-up-alex-containers-offer-to-egp-27-47-per-share-to-consolidate-51-3-majority\/\" target=\"_blank\">last week<\/a> to consolidate its control over the local maritime operator.<\/p>\n<p><strong>The newly submitted offer will be presented at an upcoming ALCN board meeting<\/strong>, pending receipt of an official decision from the state-owned Holding Company for Maritime and Land Transport, the official says.<\/p>\n<p><strong>Why it matters:<\/strong> ALCN operates the Alexandria and El Dekheila terminals, managing a combined annual capacity of 1.5 mn TEUs and handling around 60% of Alexandria&rsquo;s container capacity. That makes it one of Egypt&rsquo;s most important Mediterranean gateway assets &mdash; and a core piece of AD Ports&rsquo; wider Egypt buildout across ports, shipping, maritime services, and logistics.<\/p>\n<p><strong>The state is holding the line:<\/strong> The Abu Dhabi wealth fund ADQ-owned AD Ports has recently sweetened its bid by 19.5% from an initial EGP 22.99 per share offer submitted <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/12\/18\/whats-really-happening-with-that-mto-for-alexandria-containers\/\" target=\"_blank\">late last year<\/a>, attempting to consolidate the 51.33% indirect majority it has built in the company <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/adq-makes-grand-entry-into-the-egx-with-usd-1-8-bn-buy-launches-first-mena-spac-with-chimera\/\" target=\"_blank\">since 2022<\/a>. But the government &mdash; which controls a combined 42.9% blocking stake in ALCN through the Holding Company for Maritime and Land Transport (35.3%) and the Alexandria Port Authority (7.6%) &mdash; is refusing to hand over the keys to its lucrative Mediterranean gateway asset.<\/p>\n<p><strong>REMEMBER-<\/strong> AD Ports Group secured a stake in ALCN <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/12\/17\/ad-ports-wants-to-raise-its-stake-in-alexandria-container-to-at-least-51\/\" target=\"_blank\">in November<\/a> when it acquired the PIF-owned Saudi Egyptian Investment Company&rsquo;s 19.3% stake for EGP 13.24 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newly submitted offer will be presented at an upcoming ALCN board meeting<\/p>\n","protected":false},"author":0,"featured_media":96914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[966],"tags":[168,49,965,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-ad-ports","tag-egypt","tag-the-big-story-today","tag-uae","wpautop","entry"],"acf":{"full_issue_title":"Egypt\u2019s Transport Ministry to reject AD Ports\u2019 Alexandria Container takeover bid","teaser":"The newly submitted offer will be presented at an upcoming ALCN board meeting","mongo_id":"6d3d2baee22ac99cc1a0155b","order":"3","related_issue":[96907],"story_type":"1"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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