AD Ports Group, which is backed by the UAE sovereign wealth fund AD Ports’ Noatum, is set to fully acquire Sesé Auto Logistics, a part of the Spanish Grupo Logístico Sesé, for 81 million Euros ($84.7 million). The transaction is expected to be completed by Q1 2024, subject to regulatory approvals, the ADX-listed operator of industrial cities and free zones said in a regulatory filing on Tuesday. Sesé Auto Logistics, a finished vehicles logistics (FVL) business, with a revenue of EUR 100 million, operates across Spain, Germany, Poland, Czech Republic, and Hungary, and has with a fleet of over 200 trucks.
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