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United States

DP World PLC (DPW.DI)

DPW.DI on Dubai Internation Financial Exchange

16.58USD
20 Jun 2019
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Latest Key Developments (Source: Significant Developments)

DP World And NIIF JV Hindustan Infralog To Acquire 76% Stake Of KRIL
Thursday, 23 May 2019 01:14am EDT 

May 23 (Reuters) - DP WORLD ::ACQUISITION OF 76% STAKE IN KRIBHCO INFRASTRUCTURE LIMITED (KRIL) IN INDIA.DP WORLD AND NIIF JOINT VENTURE HINDUSTAN INFRALOG TO ACQUIRE A 76% STAKE OF KRIL.KRIBHCO (KRISHAK BHARATI COOPERATIVE) LIMITED, WILL CONTINUE TO RETAIN REMAINING 24% SHAREHOLDING.PURCHASE CONSIDERATION IS BELOW 1% OF DP WORLD’S NET ASSET VALUE AS OF FY2018.  Full Article

DP World Acquires Fraser Surrey Docks
Thursday, 9 May 2019 01:00am EDT 

May 9 (Reuters) - DP WORLD PLC ::ACQUIRES FRASER SURREY DOCKS.PURCHASE CONSIDERATION IS BELOW 2.5% OF DP WORLD'S NET ASSET VALUE AS OF FY2018.ACQUISITION WILL BE EFFECTED THROUGH DP WORLD’S CANADIAN SUBSIDIARY, DP WORLD CANADA INVESTMENT INC.EXPECTS TRANSACTION TO BE EARNINGS ACCRETIVE FROM THE FIRST FULL YEAR OF CONSOLIDATION AND TO CLOSE IN THE FIRST HALF OF 2019.ACQUISITION OF FRASER SURREY DOCKS FROM MACQUARIE INFRASTRUCTURE PARTNERS (MIP).MIP IS A FUND MANAGED BY MACQUARIE INFRASTRUCTURE AND REAL ASSETS (MIRA) DIVISION OF MACQUARIE GROUP.DP WORLD’S NET ASSET VALUE AS OF 31 DECEMBER 2018 IS $11,999 MILLION.  Full Article

DP World Reports Flat Gross Volume In Q1 Of 2019
Thursday, 25 Apr 2019 02:12am EDT 

April 25 (Reuters) - DP WORLD ::DP WORLD REPORTS FLAT GROSS VOLUME IN FIRST QUARTER OF 2019.DP WORLD PLC HANDLED 17.5 MILLION TEU IN Q1.UAE HANDLED 3.5 MILLION TEU IN 1Q 2019, DOWN 8.8% YEAR-ON-YEAR, DUE TO THE CHALLENGING MACROENVIRONMENT AND LOSS OF LOWER-MARGIN CARGO.SAYS GROSS LIKE-FOR-LIKE VOLUMES DECLINED BY 0.7% IN 1Q 2019 DUE TO THE HIGHER YEAR-ON-YEAR COMPARABLES AND SOFTER VOLUMES IN THE UAE AND AUSTRALIA.AT A CONSOLIDATED LEVEL, TERMINALS HANDLED 9.2 MILLION TEU DURING THE FIRST QUARTER OF 2019.SAYS GROSS LIKE-FOR-LIKE VOLUMES DECLINED BY 0.7% IN 1Q 2019 ALSO DUE TO SOFTER VOLUMES IN THE UAE AND AUSTRALIA.COSOL TEU DURING THE FIRST QUARTER OF 2019 DOWN 0.8% ON A REPORTED BASIS AND DOWN 3.0% YOY ON A LIKE-FOR-LIKE BASIS.  Full Article

DP World Updates On Convertible Bonds Due 2024
Thursday, 28 Mar 2019 02:33am EDT 

March 28 (Reuters) - DP WORLD ::UPDATES ON CONVERTIBLE BONDS DUE 2024.SAYS CONVERSION PRICE OF BONDS WILL BE ADJUSTED FROM $26.6837 PER ORDINARY SHARE TO $26.3643 PER ORDINARY SHARE, EFFECTIVE MARCH 25, 2019.SAYS THRESHOLD AMOUNT WILL BE ADJUSTED FROM $0.2359 PER ORDINARY SHARE TO $0.2331 PER ORDINARY SHARE.SAYS CONVERSION PRICE OF BONDS WILL BE ADJUSTED AS A RESULT OF DIVIDEND PAYMENT OF 43 US CENTS PER ORDINARY SHARE PAYABLE ON 1 MAY 2019.  Full Article

DP World plans to refurbish Jebel Ali Port's Terminal 1, some cargo to be moved to terminal 4-CFO
Thursday, 14 Mar 2019 03:32am EDT 

March 14 (Reuters) - DP World PLC ::DP WORLD CFO SAYS LIKELY TO START USING NEW TERMINAL 4 AT JEBEL ALI PORT IN SECOND HALF OF YEAR.DP WORLD CFO SAYS PLANS TO REFURBISH JEBEL ALI PORT'S TERMINAL 1 , SOME CARGO TO BE MOVED TO TERMINAL 4.  Full Article

DP World Reports 2.9 Pct Volume Growth In 2018
Tuesday, 5 Feb 2019 03:11am EST 

Feb 5 (Reuters) - DP WORLD LTD ::DP WORLD HANDLES 71 MILLION TEU AND REPORTS 2.9 PERCENT VOLUME GROWTH IN 2018.UAE HANDLED 15.0 MILLION TEU IN 2018DOWN 2.7 PERCENT YEAR-ON-YEAR.HANDLED 71.4 MILLION TEU (TWENTY-FOOT EQUIVALENT UNITS) ACROSS ITS GLOBAL PORTFOLIO OF CONTAINER TERMINALS IN 2018 WITH GROSS CONTAINER VOLUMES GROWING BY 1.9 PERCENT YEAR-ON-YEAR ON A REPORTED BASIS AND 2.9 PERCENT ON A LIKE-FOR-LIKE BASIS.AT A CONSOLIDATED LEVEL, TERMINALS HANDLED 36.8 MILLION TEU IN 2018, A 0.8 PERCENT IMPROVEMENT IN PERFORMANCE ON A REPORTED BASIS.AT A CONSOLIDATED LEVEL, TERMINALS HANDLED 36.8 MILLION TEU IN 2018, UP 1.4 PERCENT YEAR-ON-YEAR ON A LIKE-FOR-LIKE BASIS.  Full Article

DP World Increases Stake In DP World Australia
Wednesday, 23 Jan 2019 12:15am EST 

Jan 23 (Reuters) - DP WORLD ::DP WORLD INCREASES STAKE IN DP WORLD AUSTRALIA.ACQUIRES ADDITIONAL STAKE IN DP WORLD AUSTRALIA (HOLDING) PTY LTD FROM GATEWAY INFRASTRUCTURE INVESTMENTS AND OTHER FINANCIAL INVESTORS.SAYS VALUING DP WORLD AUSTRALIA AT AN ENTERPRISE VALUE OF APPROXIMATELY A$ 1.4 BILLION (USD 997 MLN).ACQUISITION IS SUBJECT TO REGULATORY APPROVAL AND IS EXPECTED TO CLOSE IN Q1 2019.POST TRANSACTION, DP WORLD AUSTRALIA WILL BECOME CONSOLIDATED ENTITY WITHIN DP WORLD GROUP.SAYS CORSAIR INFRASTRUCTURE PARTNERS (CIP), MANAGER OF GATEWAY FUND, WILL CONTINUE TO MANAGE A SIGNIFICANT INVESTMENT IN DP WORLD AUSTRALIA.IT IS EXPECTED TO BE EARNINGS NEUTRAL IN THE FIRST FULL YEAR OF OWNERSHIP.  Full Article

Corsair Infrastructure Partners Announces Transaction Involving DP World Australia
Tuesday, 22 Jan 2019 11:36pm EST 

Jan 23 (Reuters) - CORSAIR INFRASTRUCTURE PARTNERS : :CORSAIR INFRASTRUCTURE PARTNERS SAYS CIP-MANAGED GATEWAY FUND SELLS INVESTMENT IN DPWA TO DP WORLD AND NEW INVESTMENT FUNDS MANAGED BY CIP.AS RESULT OF TRANSACTION, DP WORLD WILL HOLD A MAJORITY STAKE IN DPWA, WITH MINORITY INVESTMENT BY CO-MANAGED FUNDS.  Full Article

DP World To Acquire Puerto Central And Puerto Lirquen
Monday, 14 Jan 2019 02:00am EST 

Jan 14 (Reuters) - DP World Ltd ::DP WORLD ACQUIRE PUERTO CENTRAL AND PUERTO LIRQUEN.DEAL FOR US$502MN.ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE IN FIRST FULL YEAR OF CONSOLIDATION.DEAL WILL BE FINANCED FROM EXISTING BALANCE SHEET RESOURCES.  Full Article

DP World Acquires Puerto Central And Puerto Lirquen Terminals In Chile
Sunday, 13 Jan 2019 12:08am EST 

Jan 13 (Reuters) - DP WORLD ::ACQUIRES PUERTO CENTRAL (SAN ANTONIO) AND PUERTO LIRQUEN (REGION VIII) TERMINALS IN CHILE.ENTERED INTO AGREEMENT TO ACQUIRE 71.3 PERCENT STAKE IN PUERTOS Y LOGISTICA FROM MINERA VALPARAISO, OTHER SHAREHOLDERS ASSOCIATED WITH MATTE GROUP.ACQUISITION WILL BE EFFECTED VIA A TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF THE BUSINESS.UNDER TENDER PROCESS DP WORLD WILL OFFER $502 MILLION IN CONSIDERATION FOR 100 PERCENT EQUITY OWNERSHIP.AS OF 30 SEPTEMBER 2018, PULOGSA HAD NET FINANCIAL DEBT OF $226 MILLION.TRANSACTION IS SUBJECT TO RELEVANT THIRD PARTY CONSENTS AND IS EXPECTED TO CLOSE IN THE FIRST HALF OF 2019.ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE IN FIRST FULL YEAR OF CONSOLIDATION AND IT WILL BE FINANCED FROM EXISTING BALANCE SHEET RESOURCES.  Full Article