July 1, 2019 / 5:19 AM / 7 months ago

DP World buys Topaz Energy from StanChart and Renaissance for $1 billion

LONDON (Reuters) - Port operator DP World Plc (DPW.DI) will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered (STAN.L) and Renaissance Services, DP World said on Monday.

Topaz is a provider of marine logistics to the global energy industry. The deal is the latest in Asia-focused lender StanChart’s efforts to sell its private equity business as part of a broader shift away from direct investing.

Reporting By Lawrence White; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below