Jan 29 2012 |
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Dubai's DP World Sells Stake In Container Services Co For $75.48 Mln
Sunday, Jan 29, 2012
(This story was originally published Thursday.)
DUBAI (Zawya Dow Jones)-- DP World (DPW.NDB) has sold its 34% stake in Tilbury Container Services Ltd. to a U.K.-based company for $75.48 million, the Dubai-based ports operator said Thursday.
The company has sold all its shares in Tilbury Container Services, operator of Tilbury Container Terminal in the United Kingdom, to a subsidiary of Otter Ports Holdings Ltd, which owns Forth Ports Ltd., DP World said in a statement on the Nasdaq Dubai bourse website.
DP World operates more than 60 marine terminals around the world, including general cargo and container handling facilities, as well as cruise terminals, the company said earlier this month when its Canadian unit signed a three-year agreement to operate Canada's Nanaimo port.
-By Nikhil Lohade, Dow Jones Newswires, +9714 446 1694, nikhil.lohade@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
29-01-12 0353GMT
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