Americold Realty Trust Takes a Stake in Dubai-based RSA Cold Chain
Posted on 03/16/2023
Americold Realty Trust, Inc. (NYSE: COLD) acquired a 49% stake in the RSA Cold Chain in Dubai for US$ 3.9 million.
This partnership will provide a scalable, investable operating platform for market entry and expansion in the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai that began operations in 2017 and is a subsidiary of the parent company RSA Global. Americold will take a minority ownership position in RSA Cold Chain with immediate plans to expand locally, connect RSA to its global network, and pursue strategic development opportunities in the Middle East and surrounding markets. RSA Cold Chain is led by Abhishek Shah.