Sponsored By
DP World exits Hong Kong
Hong Kong: DP World is selling stakes in two Hong Kong container terminals and a logistics business for a total of $742m. Hutchison Port Holdings Trust is buying all of Asia Container Terminals which operates container terminal 8 west from DP World and its partner PSA for $279m.
1 Min Read
Kalyakan - stock.adobe.com
In a separate deal also announced yesterday DP World said it is also selling to Goodman Hong Kong Logistics Fund 75% of DP World Asia for $463m, which gives it 25% ownership of the ATL Logistics Centre Hong Kong and partial ownership of CSX World Terminals Hong Kong.
DP World said it will recognise a net gain of $151m from the divestments.
About the Author
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community
You May Also Like