05 Jul 2012
(MENAFN) Dubai’s DPWorld, the world’s fourth largest container port operator, sold its 60 percent stake in Adelaide’s container terminal to Flinders Port, Reuters reported.
The stake sale was triggered by a transaction in 2011, DPWorld agreed to sell 75 percent of its entire Australian operations to private equity firm Citi Infrastructure Investors (CII) for USD1.5 billion.
Flinders, which owns the 40 percent in the terminal, exercised its right to buy DPWorld’s stake in the event of a change in partnership terms.
DP World Australia also operates container terminals in Brisbane, Sydney, Melbourne and Fremantle.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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