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FINANCIAL NEWS
Dubai’s DP World to buy EZW for USD2.6b
13 Nov 2014
(MENAFN) DP World, one of the world’s largest port operators, announced it has acquired Economic Zones World (EZW), the Dubai industrial and logistics infrastructure firm, Arabian Business reported.
The purchase of EZW, in a deal which is estimated to be worth USD2.6 billion, also includes EZW’s net debt of USD859 million.
Economic Zones World (EZW), which is currently owned by Port and Free Zone World, has five business units including Jebel Ali Free Zone and JAFZA Enterprises.
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