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Competition watchdog greenlights Abu Dhabi Ports' acquisition of Delanord Investments

Competition watchdog greenlights Abu Dhabi Ports' acquisition of Delanord Investments

India Blooms News Service | @indiablooms | 30 Nov 2023, 01:20 am

New Delhi: The Competition Commission of India (CCI) has approved the acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company.

The approval will allow Abu Dhabi Ports Company PJSC (Abu Dhabi Ports Company) to buy the shares of Delanord Investments Limited (Delanord).

Abu Dhabi Ports Company is engaged in the operation of ports and terminals, provision of short-sea vessel operation services, provision of non-vessel operating common carrier (NVOCC) services, and provision of freight forwarding services.

Delanord provides short-sea vessel operation services, NVOCC services, and in-land transportation services.

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