Dubai – Mubasher: Global ports operator DP World announced the full acquisition of Topaz Energy and Marine for an enterprise value of $1.79 billion, according to a statement to Nasdaq Dubai on Monday.
Dubai-headquartered oil services and marine logistics company Topaz Energy and Marine has a fleet of 117 vessels.
This acquisition will be DP World’s first investment in the oil and gas sector.
It is noteworthy that Deutsche Bank is the advisor of DP World, while Rothschild & Co. is advising Topaz.
