AD Ports Group announced that its wholly owned subsidiary, Black Caspian, has submitted a draft Mandatory Tender Offer (MTO) announcement to Egypt’s Financial Regulatory Authority (FRA) as part of its planned acquisition of shares in Alexandria Container & Cargo Handling Company (EGX: ALCN).
The submission follows AD Ports Group’s earlier announcement in December 2025 regarding its intention to launch a Mandatory Tender Offer for the Egyptian port operator.
Key highlights:
• Black Caspian currently owns 19.3% of Alexandria Container & Cargo Handling Company
• Seeking to acquire 953.4 million shares from Alpha Oryx
• Shares represent approximately 32% of the company’s share capital
• Tender offer also extends to free-float shareholders for up to 127.5 million shares
• Free-float shares represent up to 4.3% of share capital
• Offer price set at EGP 27.47 per share
If completed in full, the transaction would significantly increase AD Ports Group’s ownership in Alexandria Container & Cargo Handling Company, one of Egypt’s key container terminal operators.
According to the company, the proposed transaction remains subject to regulatory approvals in Egypt and is expected to be completed during the second half of 2026.
The move aligns with AD Ports Group’s strategy of expanding its international ports and logistics footprint across key trade corridors and strengthening its presence in Egypt’s maritime sector.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / AD Ports Group
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.