East Africa Gateway acquisition of 95% of Tanzania International Container Terminal Services (TICTS)
- Value
- US$39.5m
- Date
- 1 May 2024
- Transaction type
- Acquisition
- Practice area
- Mergers and Acquisitions
- Sector
- Infrastructure
- Jurisdiction
- Tanzania
- Client
- East Africa Gateway (Adani International Ports / AD Ports JV)
Summary
East Africa Gateway acquisition of 95% of Tanzania International Container Terminal Services (TICTS). Value as disclosed: 39,500,000 USD.
Signed May 2024; acquisition of the largest maritime container terminal operator in Tanzania from Hutchison Ports.
Why it matters
Significant / value undisclosed
Scope of legal work
Clyde & Co (Tanzania); Bowmans (Tanzania)
Advisers
Other parties
East Africa Gateway (Adani International Ports / AD Ports JV) (acquirer or client); Tanzania International Container Terminal Services (Hutchison Ports) (counterparty or seller)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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