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ADNOC L&S Finalizes $1.04 Billion Deal for 80% Stake in Navig8
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ADNOC L&S Finalizes $1.04 Billion Deal for 80% Stake in Navig8

ADNOC Logistics and Services (ADNOC L&S) has officially completed its $1.04 billion (AED3.8 billion) acquisition of an 80% stake in Navig8 TopCo Holdings Inc. (Navig8), a global shipping and marine services company. The deal, which took effect from 1st January 2024, includes a plan to acquire the remaining 20% stake by mid-2027 for an additional...