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. 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. 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 .
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 .