New Delhi, India :: The Competition Commission of India (CCI) has granted approval for Abu Dhabi Ports Company PJSC (Abu Dhabi Ports Company) to acquire a significant shareholding in Delanord Investments Limited (Delanord). This decision represents a significant step forward for Abu Dhabi Ports Company’s expansion into the Indian maritime sector.

The proposed combination involves the acquisition of shareholding in Delanord, a company engaged in the provision of short-sea vessel operation services, non-vessel operating common carrier (NVOCC) services, and inland transportation services. Abu Dhabi Ports Company, on the other hand, is a global maritime logistics provider with a diversified portfolio of ports, terminals, and logistics businesses.

The CCI’s approval is based on its assessment that the proposed combination is unlikely to have any adverse impact on competition in the Indian maritime sector. The Commission has concluded that the combined entity will not have a dominant position in any of the relevant markets and that there are sufficient alternative suppliers of maritime services in India.

The acquisition of Delanord will provide Abu Dhabi Ports Company with a strong foothold in the Indian maritime market and enable it to expand its service offerings to include short-sea vessel operations, NVOCC services, and inland transportation services. This will further strengthen Abu Dhabi Ports Company’s position as a leading global maritime logistics provider.

The CCI’s approval is a positive development for the Indian maritime sector, as it will bring together two strong players and foster innovation and competition in the market. The acquisition is also expected to create new employment opportunities and contribute to the growth of the Indian economy.

About Abu Dhabi Ports Company

Abu Dhabi Ports Company is a global maritime logistics provider with a diversified portfolio of ports, terminals, and logistics businesses. The company operates 11 ports and terminals across the UAE and has a presence in over 50 countries. Abu Dhabi Ports Company is committed to providing world-class maritime logistics solutions to its customers and is a key player in the development of the UAE’s maritime industry.

About Delanord Investments Limited

Delanord Investments Limited is a company engaged in the provision of short-sea vessel operation services, non-vessel operating common carrier (NVOCC) services, and inland transportation services. The company has a strong presence in the Indian maritime sector and is a leading provider of these services.