Dubai – Mubasher: DP World agreed to buy two state-owned maritime companies for $405 million, according to a statement.
Enabler of global trade agreed to acquire Maritime World for $180 million and a 100% of Drydocks World by means of a capital injection of $225 million.
Both acquisitions are subject to some conditions precedent, while the acquisition of Drydocks World is subject to the successful completion of its debt restructuring process.
Both transactions are expected to be finalised before the end of the first quarter of 2018.
