Noatum to buy shares in Safina B.V. reported

According to Amac News: In a report by Noatum, it is stated that this transaction is expected to be closed in the third quarter of 2024.
The acquisition by Noatum Maritime is a milestone in its strategic growth as it leverages Safina's expertise, capacity and reputation in the Egyptian maritime agency market.
The acquisition of Safina is an important step for Noatum Maritime in its continued expansion across the Mediterranean, which has recently included the opening of offices in Turkey.
Safina has evolved into a key player in Egypt's maritime industry, providing comprehensive agency and maritime logistics services to shippers serving the metals, minerals and fertilizers sectors.
With Noatum's extensive international network, Safina will be in an excellent position to reach new customers from more diverse industries and strengthen its local presence.
As a recognized shipping agency, Safina is located in six strategic office locations, including its head office in Cairo, which allows it to provide agency services in 15 Egyptian ports, line and transport agency services, as well as transit services from through the Suez Canal.
Safina enjoys a sizeable market share in both Mediterranean and Red Sea Egyptian Ports, inclusive of Sokhna, Adabiya, Damietta, Port Said and Alexandria.Safina will be renamed Noatum Maritime Egypt in due course and will be integrated into the Noatum Maritime ecosystem.
Its founders will retain a minority stake in the business and continue to support the company's growth.