Independent journal on economy and transport policy
07:53 GMT+2
This page has been automatically translated by Original news
DP World yields own participation in logistic society P&O Trans Australia
The bottom Qube Logistics will stop 94.5% of the capital
April 18, 2011
The terminalista group DP World of Dubay has signed an agreement in order to sell own participation in logistic society Australian P&O Trans Australia (PRUNES) to the Qube Logistics, bottom managed from the Australian Kaplan Funds Management (KFM). The transaction will have a value of 106 million dollars Australian (USA 111 million dollars) and will be completed by the end of this month.
With the acquisition of the quota DP World the Qube bottom will increase the own current participation in PRUNES approximately, that it is pairs to 47.2% of the capital, to 94.5%. Remaining 5.5% about of the capital are in the hands of management of PRUNE.
We remember that recently DP World has sold 75% of its branch DP World Australia to the group American Cites, cession that but did not include the branch of activity of P&O Trans Australia ( on 22 December 2010).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The terminalista group DP World of Dubay has signed an agreement in order to sell own participation in logistic society Australian P&O Trans Australia (PRUNES) to the Qube Logistics, bottom managed from the Australian Kaplan Funds Management (KFM). The transaction will have a value of 106 million dollars Australian (USA 111 million dollars) and will be completed by the end of this month.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
