DP World to acquire Dubai Maritime City and Drydocks World for $405 million | Shipping |
Posted: September 19, 2017 |
Shipping - Dubai-based DP World has entered into agreements to acquire two major maritime companies for $405 million. The port operator will acquire Maritime World LLC, the 100 percent owner of Dubai Maritime City (DMC), for a purchase consideration of $180 million and will buy 100 percent of Drydocks World LLC (Drydocks) by means of a capital injection of $225 million.
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