going private
L’Imad moves to take full control of AD Ports amid Hormuz risks
The move comes after L’Imad said it would delist $81 billion utility TAQA, reversing Abu Dhabi’s push to sell major state assets on the public market
Gabriela Maj/Bloomberg via Getty Images
Ship-to-shore gantry cranes stand on the quayside at Khalifa Port, operated by Abu Dhabi Ports Co.
Add The Circuit on GoogleAbu Dhabi’s L’Imad Holding sovereign wealth fund wants tighter control of the emirate’s ports as the Iran war makes shipping through the Strait of Hormuz increasingly risky.
The government-owned fund is offering to buy the 24.6% of AD...
