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DP World buys 48.5% stake in Africa port

DP World, which manages a container terminal in Mozambique in southeastern Africa, said it has bought a 48.5 per cent stake in a firm that controls the Port of Maputo, reported Gulf News. The world's third largest port operator, which raised $4.96bn in the Gulf's biggest share sale in November and listed the shares on the Dubai International Financial Exchange, said it's paying $32m for this acquisition.