Dubai-owned port operator DP World has acquired a Peruvian logistics firm Cosmos Agencia Maritima for $315.7m, giving it a 50% stake in Euroandios Port Terminals, the country's second largest container terminal. The purchase consideration is less than 5 percent of DP World’s net asset value as of Dec. 31, 2017, it said. The deal is expected to be finalised by early next year, with DP World's investment group holding an option on the remaining 50%. Separately, DR World also purchased a 90% stake in Mumbai logistics company Continental Warehouse Corporation, via its joint venture with India's National Infrastructure Investment Fund.
Dubai-owned port operator DP World has acquired a Peruvian logistics firm Cosmos Agencia Maritima for $315.7m, giving it a 50% stake in Euroandios Port Terminals, the country's second largest container terminal. The deal is expected to be finalised by early next year, with DP World's investment group holding an option on the remaining 50%. Separately, DR World also purchased a 90% stake in Mumbai logistics company Continental Warehouse Corporation, via its joint venture with India's National Infrastructure Investment Fund.