DP World sells China terminals
United Arab Emirates: Saturday, December 16 - 2006 at 08:12
DP World has agreed to sell its take in two terminals at Shenzhen to China Merchants Holding - International for $229m, reported Reuters. DP World said another minority shareholder is also to sell its stake in the terminals to CMHI. The deal is expected to be completed in Q1 2007 and would enable the three terminal facilities to be merged into a single container terminal.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 16 - 2006 at 08:12 UAE local time (GMT+4)
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This Article was updated on Sunday, December 24 - 2006
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