The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Dubai's DP World becomes sole owner of Southampton container terminal: statement

Published Mon, Nov 2, 2015 · 12:54 PM
Share this article.

[DUBAI] Dubai-listed ports operator DP World has became sole owner of the company which operates Southampton container terminal after it bought the remaining 49 per cent stake held by Associated British Ports (ABP), the company said on Monday.

DP World also said it extended the license agreement for DP World Southampton for another 25 years until 2047.

The company did not disclose how much it paid for ABP's stake.

Associated British Ports is Britain's leading port operator, with ports in England, Scotland and Wales.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here