AD Ports says all conditions met for cash offer, ADQ stake to rise to 98.93%

Abu Dhabi Ports Company PJSC (Ad Ports) said on Friday that it received a letter from Abu Dhabi Developmental Holding Co (ADQ) stating that all conditions for a voluntary conditional cash offer have been met. Settlement of the offer is scheduled for September 25, after which ADQ's ownership percentage in Ad Ports will become 98.93% of the company's share capital.