Abu Dhabi - AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry and logistics solutions, today announced that its subsidiary SAFEEN Drydocks, part of Noatum Maritime, has acquired 100% ownership of Balenciaga Astilleros Shipyard, one of Spain’s most established and technologically advanced shipbuilding and repair facilities, for a total consideration of EUR 11.2 million. The transaction further consolidates AD Ports Group’s operations in Spain and in the Mediterranean region and complements its growing operations in the offshore wind sector.

Located in the Basque region, the shipyard, which will be known as . . .