DP World Plc to acquire a majority stake in Port of Yuzhny

 

DP World Plc (LON: 91SN) has agreed to acquire a stake in the Port of Yuzhny.

  • The company will be obtaining a 51 per cent stake (majority stake) in TIS Container Terminal in Ukraine’s Port of Yuzhny.
  • The transaction, which is slated to close in 1H2020, has a transaction value of less than 2 per cent of the company’s NAV.
  • The acquisition is in line to the company’s strategy to develop data-driven end-to-end integrated logistics solutions for cargo holders. It will also focus on faster-growing markets and major trade channels.