الرئيسية
DUBAI: Dubai port operator DP World says it has sold its 34 percent
stake in Britain’s Tilbury Container Services (TCS) for $75.5 million.
The world’s third-largest seaport company said it sold the stake to a subsidiary of Otter Ports Holdings, which now controls all of TCS.
TCS operates the shipping container terminal in the southern English port of Tilbury.
DP World is majority owned by Dubai’s government through its Dubai World holding company.
It manages ports on six continents, including the Mideast’s busiest in Dubai.
Forth Ports, DP World and Associated British Ports (ABP) explained in a press release that Otter Ports Holdings Ltd, owner of Forth Ports, had acquired the 67 percent ownership of TCS, not already owned by Forth Ports, from DP World and ABP.
stake in Britain’s Tilbury Container Services (TCS) for $75.5 million.
The world’s third-largest seaport company said it sold the stake to a subsidiary of Otter Ports Holdings, which now controls all of TCS.
TCS operates the shipping container terminal in the southern English port of Tilbury.
DP World is majority owned by Dubai’s government through its Dubai World holding company.
It manages ports on six continents, including the Mideast’s busiest in Dubai.
Forth Ports, DP World and Associated British Ports (ABP) explained in a press release that Otter Ports Holdings Ltd, owner of Forth Ports, had acquired the 67 percent ownership of TCS, not already owned by Forth Ports, from DP World and ABP.