DP WORLD DPW.DI :
* DP WORLD INCREASES STAKE IN DP WORLD AUSTRALIA
* ACQUIRES ADDITIONAL STAKE IN DP WORLD AUSTRALIA (HOLDING) PTY LTD FROM GATEWAY INFRASTRUCTURE INVESTMENTS AND OTHER FINANCIAL INVESTORS
* SAYS VALUING DP WORLD AUSTRALIA AT AN ENTERPRISE VALUE OF APPROXIMATELY A$ 1.4 BILLION (USD 997 MLN)
* ACQUISITION IS SUBJECT TO REGULATORY APPROVAL AND IS EXPECTED TO CLOSE IN Q1 2019
* POST TRANSACTION, DP WORLD AUSTRALIA WILL BECOME CONSOLIDATED ENTITY WITHIN DP WORLD GROUP
* SAYS CORSAIR INFRASTRUCTURE PARTNERS (CIP), MANAGER OF GATEWAY FUND, WILL CONTINUE TO MANAGE A SIGNIFICANT INVESTMENT IN DP WORLD AUSTRALIA
* IT IS EXPECTED TO BE EARNINGS NEUTRAL IN THE FIRST FULL YEAR OF OWNERSHIP
Source text for Eikon: ID:nDNR1X0Bcg Further company coverage: DPW.DI
((Reuters.Briefs@thomsonreuters.com;))