DP World announces additional stake in DP World Australia

Media IN Dubai 23 -01-2019 / WAM
Dubai Ports World (DP World) said today it has acquired additional stake in DP World – Australia Holdings, a private equity firm limited to Getway Investment Investments and other investors.
DP World Australia has a market capitalization of 1.4 billion Australian dollars (about 997 million US dollars).
The acquisition will be subject to regulatory approvals and is expected to be completed in the first quarter of 2019. DP World will be incorporated into the DP World Group.
Its profits are expected to remain unchanged throughout the first year of ownership. Corsair Investor Partners (CIB), the director of Getaway Fund, will continue to manage a significant portion of DP World’s investments in Australia.
DP World Australia is a leading container port operator with four stations in major ports in Australia, Sydney, Melbourne, Brisbane and Freemantel with a capacity of 4 million TEUs.
In 2017, the company handled 3.4 million 20-foot TEUs and achieved revenues of US $ 400 million.
In addition to the operation of the stations, loading and unloading, DP World – Australia is adopting the “Ma – Behind Port” business development strategy through integrated logistics solutions through DP World – Australia Logistics Services and joint ventures / 1-STOP and AWH.
Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said: “DP World is pleased to announce this transaction, which will return DP World to the Group’s portfolio of standardized stations, which will give the company a more The time that Dubai Ports maintain close ties with its important partner, “CP”. He expressed his optimism about the growth prospects in Australia and his confidence in the availability of opportunities to enhance value for shareholders through the development of container terminal operations and the expansion of complementary work to include logistics.
He stressed that this step reflects DP World’s confidence in the potential of growth in Australia and is part of the leadership’s keenness to promote and develop joint cooperation with Australia in all fields, reflecting the strong relations between the two countries. Which reached 3.3 billion dollars by the end of 2017.