AD Ports buys into Syria’s Latakia terminal in CMA CGM deal

AD Ports Group has struck a deal with France’s CMA CGM Group to acquire a 20% stake in Latakia International Container Terminal (LICT), Syria’s main container facility, for AED 81m ($22m). Under the agreement, the Abu Dhabi-based ports and logistics group will join CMA CGM in the management and future expansion of the terminal, which …