DP World sells Adelaide port to Flinders
Dubai - Arabstoday
Port operator DP World handed over its 60 per cent holding in Adelaide’s container terminal to Flinders Port after the Australian firm exercised its right to buy the stake, DP World said on Tuesday. The stake sale was triggered by a transaction entered by the state-owned Dubai firm last year to sell 75-percent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for $1.5 billion. Flinders, which owned the remaining 40 per cent in the terminal, received the rights to acquire the DP World stake following that deal.
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