en.Wedoany.com Reported - AD Ports Group has entered the Brazilian market by acquiring Corredor Logistica e Infraestrutura (CLI), a Brazilian agricultural bulk terminal operator, for $835 million (approximately AED 3.1 billion), according to a disclosure document.
The transaction is expected to close in the second half of this year. Upon completion, AD Ports will gain control of two major agricultural export gateways in Brazil. CLI's assets include full ownership of CLI Norte at the Port of Itaqui and an 80% stake in CLI Sul at the Port of Santos. CLI Norte is a key grain export gateway in Brazil's "Arc of the North" logistics corridor, while CLI Sul is the country's largest sugar export terminal, also handling corn and soybeans.
This region covers northern Brazil and the Amazon basin, and has become one of the fastest-growing export corridors in the country as agricultural producers seek shorter, more efficient routes to international markets.
AD Ports previously operated logistics businesses in Latin America through its subsidiary Noatum, covering Argentina, Chile, Colombia, Mexico, and Peru. This acquisition of CLI marks its first ownership of strategic port infrastructure in Brazil.
Brazil is the world's largest sugar exporter and a major supplier of corn, soybeans, and grains. Through this acquisition, AD Ports gains a foothold in one of the world's most important agricultural export markets, further strengthening its strategy of building an end-to-end logistics network and playing a more significant role in global commodity trade.
AD Ports is not the first UAE company to enter the Brazilian market. DP World deepened its operations at the Port of Santos last March through a long-term agreement with Maersk, and plans to expand its Brazilian terminal's annual capacity from 1.4 million TEUs to 2.1 million TEUs by the end of 2027. DP World is also collaborating with railway operator Rumo to develop new grain and fertilizer terminals.
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