DUBAI (Reuters) - DP World (DPW.DI), one of the world’s largest port operators, said on Sunday it had bought a logistics firm in Peru for $315.7 million, giving it a 50 percent stake in the country’s second largest container terminal. The acquisition of Cosmos Agencia Maritima, which also offers maritime services, gives it half-ownership of Euroandinos Port Terminals which operates the port of Paita. Dubai-owned DP World operates several ports in South America, including a container terminal in Peru’s Port Callao. DP World also said in a separate announcement that its joint venture with India’s National Infrastructure Investment Fund had bought a 90 percent stake in Mumbai-based logistics firm Continental Warehouse Corp. The acquisition was the first made by the joint venture which has said it plans to invest up to $3 billion in ports, logistics and related sectors. Terms of the deal were not disclosed. The purchase consideration is less than 5 percent of DP World’s net asset value as of Dec. 31, 2017, it said. Last week, DP World reported 14.9 percent rise in 2017 profit to $1.18 billion. Reporting by Alexander Cornwell; Editing by Edwina Gibbs
Dubai -owned port operator DP World has acquired a Peruvian logistics firm Alexander Cornwell for $315.7m , giving it a 90% stake in Euroandios Port Terminals , the country's second largest container terminal. The deal adds port of Paita to DP World's portfolio of Peruvian ports which already operates Euroandios Port Terminals in the country. Separately, DR World also purchased a 90% stake in Dubai logistics company Continental Warehouse Corporation , via its joint venture with India 's National Infrastructure Investment Fund .