Abu Dhabi, United Arab Emirates (PortSEurope) November 18, 2022 – State-owned AD Ports Group has acquired 100% of Noatum, a leading Spanish operator in port facilities. Noatum was purchased for €660 million from owner JP Morgan Asset Management.
The origin of Noatum is in the port business of Dragados, acquired in 2010 by JP Morgan and other investors. At this time, the group had a turnover of €200 million which has since grown to €1.8 million.
Noatum operates in three main business areas: Noatum Maritime, focusing on providing maritime services; Noatum Logistics, our comprehensive logistics operator, and Noatum Terminals, our port operations division.
Abu Dhabi Ports, part of AD Ports Group, owns or operates 10 ports and terminals in the UAE.
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