Sunday, June 22, 2025
Home News Noatum divests stake in Spanish firm for one-off capital gain of US$10.5...

Noatum divests stake in Spanish firm for one-off capital gain of US$10.5 million

Noatum, which currently manages AD Ports Group’s Logistics Cluster activities, has completed the sale of its 27.9% ownership in Barcelona Container Depot Service Group (BCDS) for an equity value of €11 million (around US$11.55 million) resulting in a one-off capital gain of €10 million (around US$10.5 million).

BCDS specialises in the storage, maintenance, repair, and cleaning of dry and reefer containers, as well as ISO tanks, and operates from six locations around Spain, with the majority of the activity performed in Barcelona.

The divestment is consistent with AD Ports Group’s objective of proactively managing its asset portfolio and monetising non-core participations and assets with no route to majority ownership and/or operational control, according to a statement.

“The sale of Noatum’s minority shareholding in Barcelona Container Depot Service Group is an important development for the company, which is one of the latest and most significant additions to AD Ports Group. The move is a testament to Noatum’s commitment to maintaining its strategic investment portfolio and sustaining a meticulous focus on its long-term goals. With Noatum leading our Logistics Cluster, AD Ports Group remains dedicated to delivering exceptional value to our customers and partners whilst meeting our ambitious growth objectives and driving our wise leadership’s vision for economic diversification,” stated Captain Mohamed Juma Al Shamisi, managing director and Group CEO of AD Ports Group.

“We are pleased to announce the successful divestiture of our minority 27.9% shareholding in BCDS. The decision allows us to optimise our asset portfolio and allocate resources to core initiatives that drive the growth and expansion of our integrated terminals, maritime, and logistics businesses. We look forward to new opportunities to strengthen our position and value offerings to the European and global marketplace,” said Antonio Campoy, CEO of Noatum.





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!