DP World willing to look at acquisitions in Latin America
- United Arab Emirates: Wednesday, October 03 - 2012 at 02:21
DP World, the world's third-largest port operator, has said it's ready to look at acquisitions in Latin America to meet demand from customers and has enough cash for investments without needing to sell assets, Bloomberg has reported. "If the customer says 'we need you there,' we'll be there," said chairman Sultan Ahmed Bin Sulayem. "If the economics are good, why not. The Latin American market is very important to us." The Dubai-based company isn't looking at buying assets in the US where acquisition costs are "prohibitive" and can serve the market from other ports in the region, he said during a conference in Lima.
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