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FINANCIAL NEWS
DP World sells stake in UK’s Tilbury Container Services for USD75.48m
26 Jan 2012
(MENAFN) DP World, one of Dubai World’s assets, said that it sold its 34 percent stake in Tilbury Container Services for USD75.48 million, reported Emirates 24/7.
The world’s third-largest port operator added that the stake was acquired by a subsidiary of Otter Ports Holdings Ltd, owner of Forth Ports Limited, adding that after the transaction, Tilbury became fully owned by Otter Port following a similar deal with its other owner, Associated British Ports.
The UAE firm also said that Tilbury is a deep-sea container services firm, and it’s considered a major shipping and distribution port access to London and the South East of England.
It is worth noting that recently, DP World inked a 3-year deal to run the Nanaimo port in Vancouver, Canada, including the general cargo Duke Point facility and Assembly Wharf.
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