EX­PAN­SION PUSH

Gulf News - - Business -

DP World’s ac­qui­si­tion is the lat­est in a se­ries of deals across Europe, Latin Amer­ica, and In­dia as the op­er­a­tor goes on an ex­pan­sion drive.

In March 2018, DP World ac­quired Perubased Cos­mos Agen­cia Mar­itima in Peru for $315.7 mil­lion. Later, in Au­gust, DP World said it ac­quired 100 per cent own­er­ship of Dan­ish short­sea and con­tainer feeder ship­ping firm Unifeeder. DP World’s joint ven­ture with In­dia’s Na­tional In­vest­ment and In­fra­struc­ture Fund also closed a deal in July to ac­quire a 90 per cent stake in Con­ti­nen­tal Ware­hous­ing Cor­po­ra­tion.

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