AD Ports acquires Spanish shipyard Balenciaga Astilleros.
AD Ports, the UAE’s national port and logistics operator, announced the acquisition of 100% of the shares in the Spanish shipbuilding and repair yard Balenciaga Astilleros. According to the company’s official announcement, the transaction value was €11.2 million. Following the completion of the transaction, the yard will be renamed Balenciaga Shipyard.
