(In Aug. 20 story, corrects headline, text to show company name
is DP World not Dubai World)
DUBAI Aug 20 DP World DPW.DI, the Dubai
government-controlled port operator, said on Sunday it would
acquire a majority stake in Embraport, a private Brazilian port
in Santos, in partnership with Brazil's Odebrecht [ODBESO.UL].
The first phase of the project would be completed in 2012 at
a cost of $500 million and operated by DP World, a statement
"Coimex Group, leader of the (Embraport) project since its
inception, reduces shareholding, but remains a key member of
the partnership," it said.
(Editing by Nick Macfie)