Saturday, July 7, 2012

DP World sells 60% stake in Adelaide port


Port operator DP World said on Wednesday it was forced to hand over its 60 percent holding in Adelaide's container terminal to Flinders Port after the Australian firm exercised its right to buy the stake.
The stake sale was triggered by a transaction entered by the state-owned Dubai firm last year to sell 75 percent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for $1.5bn.

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