AD Ports Said in Talks for $2 Billion Indonesian Shipping Firm

AD Ports Group is in talks to acquire Indonesian logistics and marine shipping business Meratus, people familiar with the matter said, as the Middle Eastern company seeks to expand in southeast Asia and China.

AD Ports, controlled by Abu Dhabi sovereign wealth fund ADQ, is working with advisers to negotiate the potential purchase of the closely-held Meratus, the people said, asking not to be identified because the matter is private. AD Ports has emerged as the likeliest buyer for the Indonesian firm after outbidding other companies in the industry, the people said.

Meratus is working with a financial adviser on ...