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AD Ports launches Luanda terminal venture

AD Ports Group began its long-term management and development of a multipurpose terminal and associated logistics business in Luanda, Angola on 31 January. The UAE-based company is working with Angolan joint venture partners Unicargas and Multiparques. It has taken a 81% stake in the multipurpose terminal venture with Unicargas and Multiparques, and a 90% stake in the logistics venture with Unicargas. Under a 20-year concession agreement with the Luanda Port Authority, ... [+]

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