AD Ports Group recently announced its intention to launch a cash Mandatory Tender Offer (MTO) to acquire an additional stake in Alexandria Container & Cargo Handling Company (ALCN), which would give it majority ownership and control of one of the largest container terminal operators in Egypt.
The control of ALCN, which operates two strategic Mediterranean terminals at Alexandria and El-Dekheila ports, will complement the Group’s expansion into Egypt, and generate tangible financial returns for AD Ports Group.
The proposed transaction is expected to be completed in Q2-2026, subject to regulatory approvals in Egypt. Under Egyptian securities exchange rules, AD Ports Group is required to make a MTO to all shareholders once it intends to acquire a third of ALCN.
Investment
“This investment would support our efforts to facilitate trade through this vital corridor, while deepening our partnerships and expanding our investments in Egypt, one of our fastest growing foreign markets,” observed Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
ALCN’s two terminals in Alexandria and El-Dekheila ports boast a total quay length of approximately 1.6km and are directly connected to Egypt’s national rail network, ensuring seamless multimodal connectivity for international shipping lines and regional trade.
ALCN’s major customers include global shipping leaders such as Mediterranean Shipping Company (MSC), Evergreen Marine Corporation, and Hapag Lloyd AG.
