Friday, 10 May 2019 11:31

DP World acquires Fraser Surrey Docks

560 DP World

 

DP World will be acquiring Fraser Surrey Docks terminal from a Macquarie Group fund. The deal is expected to close in the first half of 2019. The purchase consideration is below 2.5 percent of DP World’s net asset value as of December 31, 2018, which Reuters calculated to be under $300 million. DP World believes that the major steel terminal has the right location and infrastructure to service the increasing demand from their customers for a multi-purpose facility.

 

Read 174 times Last modified on Tuesday, 14 May 2019 14:07
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