AD Ports Group enters Latin America with $835m acquisition of Brazil agri-bulk operator CLI
São Paulo-based CLI operates two major agri-bulk export terminals under long-term concessions
02 June, 2026
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AD Ports Group has agreed to acquire Brazil’s leading independent agri-bulk port terminal operator Corredor Logística e Infraestrutura (CLI) for an enterprise value of Dhs3.1bn ($835m), marking its entry into the Latin American market and its largest acquisition to date.
The Abu Dhabi-listed ports and logistics group agreed to acquire CLI from joint owners Macquarie Asset Management and IG4 Capital, expanding its presence in the global agricultural commodities supply chain and strengthening its international footprint.
The transaction, which is expected to close in the second half of 2026, subject to customary regulatory and antitrust approvals, gives AD Ports Group ownership of a platform that handled 17m tonnes of agri-bulk cargo in 2025 and generated revenue of Dhs 654m ($178m) and EBITDA of Dhs360m ($98m).
São Paulo-based CLI operates two major agri-bulk export terminals under long-term concessions. These include CLI Sul at the Port of Santos, Brazil’s leading sugar export terminal and a key export gateway for corn and soybeans, and CLI Norte at the Port of Itaqui, a major grains terminal located in the country’s rapidly growing “Arc of the North” agricultural export corridor.
CLI owns 100 per cent of CLI Norte and 80 per cent of CLI Sul.
The acquisition positions AD Ports Group among South America’s leading independent agri-bulk terminal operators and provides access to opportunities across its maritime, shipping, logistics, economic cities and digital services businesses.
“The purchase of CLI is a game-changer for AD Ports Group. The transaction extends our Group’s international reach for the first time into Latin America, and deepens our growing agrifoods activities, one of our core verticals,” said Captain Mohamed Juma Al Shamisi, MD and group CEO of AD Ports Group.
“Under the wise guidance of our leadership in the UAE, AD Ports Group is committed to enabling trade in one of the world’s most important, fastest-growing agricultural commodities markets, which will not only benefit the group’s global clients, including those in Brazil, but also strengthen the AD Ports Group global network,” he added.
Brazil is the world’s largest sugar exporter and one of the world’s largest grain exporters, with the ports of Santos and Itaqui serving as critical gateways linking agricultural production regions to global markets.
East-West trade corridor
AD Ports Group said Brazil would support its plans to develop a major East-West trade corridor linking South America’s largest economy with the Indian subcontinent, East Africa and Southeast Asia.
The acquisition also comes as the United Arab Emirates advances negotiations with Mercosur, the South American trade bloc that includes Brazil, on a Comprehensive Economic Partnership Agreement.
CLI’s existing senior management team will remain in place following completion of the transaction.
Fernando Lohmann, head of Macquarie Asset Management in Brazil, said the country’s agricultural export sector continued to demonstrate resilience and remained a critical component of global commodity markets.
“As a long-term investor in the country, Macquarie remains committed to acting as a responsible custodian of essential infrastructure assets that help drive economic development, improve connectivity and support Brazil’s role in global trade, and we believe AD Ports Group is ideally positioned to support CLI’s next phase of growth,” he said.
Paulo Todescan L Mattos, co-founder, managing partner and CEO of IG4 Capital, said AD Ports Group was well-positioned to build on the platform’s development.
“We believe AD Ports Group is the right strategic owner to build on this foundation, bringing global trade expertise, infrastructure capabilities, and a long-term vision that will support CLI’s continued growth and development,” he said.
A landmark acquisition
The purchase represents AD Ports Group’s largest acquisition, surpassing its Dhs 2.65bn ($720m) acquisition of Spain’s Noatum in 2023 and its Dhs1.9bn ($510m) purchase of a 51 per cent stake in Dubai-based Global Feeder Shipping in 2024.
The deal also advances the group’s strategy of expanding its agrifood logistics portfolio. Recent investments include a long-term agricultural bulk handling project at Karachi Port in Pakistan, a $30m investment in Kazakhstan’s Sarzha Grain Terminal, and a 30-year concession to operate Jordan’s Aqaba multipurpose port.
AD Ports Group was advised by BTG Pactual on the transaction, while Macquarie Asset Management and IG4 Capital were advised by Citi.






















