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Fertiglobe reports strong performance in Q3 2021

Abu Dhabi / WAM Fertiglobe on Monday reported that its Q3 2021 revenues increased 175 percent to $867 million and adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020. Thanks to strong earnings momentum, Fertiglobe — a strategic partnership between ADNOC and OCI headquartered in Abu Dhabi, announced that it has increased its ...

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AD Ports’ unit enters construction logistics, acquires 31 tipper trucks

Abu Dhabi / WAM Micco Logistics, a subsidiary of AD Ports Group, acquired 31 tipper trucks as part of its effort to offer broader integrated logistics support to the UAE’s construction and metals manufacturing sectors. The trucks will join Micco’s existing ground fleet of 400 plus vehicles that currently service several industry sectors, including the Pharmaceutical, Healthcare, Fresh and General ...

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Bouygues in talks to buy Engie’s Equans for $8.2b

Bloomberg French energy giant Engie SA entered exclusive talks to sell its services unit Equans to conglomerate Bouygues SA for 7.1 billion euros ($8.2 billion) in what would be one of the country’s largest deals this year. “Bouygues’ offer was the most compelling taking into account all criteria including financial valuation,” Engie, based near Paris, said in a statement. Bouygues ...

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