Al Seer Marine has completed the sale of its shares in AD Ports Group after accepting the voluntary conditional cash offer made by L’IMAD Holding Company through its wholly owned subsidiary ADQ.
Al Seer Marine’s Board of Directors had approved the offer at a price of AED 6.25 per AD Ports Group share.
Following completion of the required settlement procedures, Al Seer Marine confirmed that the transaction has been successfully completed and the relevant shares have been transferred to ADQ.
The company said the resulting financial impact from the transaction will be recognised in its financial statements for the relevant reporting period.
Source: Al Seer Marine
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
