Meaningful acquisitions of the DP World group in Peru and India



The terminalista group DP World of Dubay has bought the logistic society Peruvian Cosmos Agencia Marítima S.A.C. (CAM) and that Indiana Continental Warehousing Corporation (Nhava Seva) Ltd. (CWCNSL).

The transaction for the acquisition of the entire share capital of the South American company, than work as marine agency and logistic enterprise also with the marks Neptunia S.A e Triton Transport S.A, has a value of 315,7 million dollars. CAM is yielded by the Andean Holding Investment (AIH), logistic group and harbour Peruvian who is quoted to the Stock exchange of Lima. The transaction includes 50% of the vital prisoner from the CAM in the Terminales Portuários Euroandinos Paita S. To. (TPE), society that manages a container terminal in the port of Paita that is the main second terminal for containers of the Latin American nation and that it is participated to 50% from the Tertir - Terminais de Portugal S.A., branch of the Portuguese Yilport Iberia S.A who in its turn is under responsibility of the Turk Holding Yilport Inc.

"The acquisition - it has commented Sultan Ahmed Bin Sulayem, president and managing director of the DP World - not only widens our presence in Latin America, a region that we consider has meaningful a growth potential, but what more important adds to our presence in the region Peru, where already we manage a container terminal in the port of Callao, a most efficient and productive terminal that is one of the E region that constantly it is voted by its customers as better port in South America"(on 1° October 2010).

The second acquisition has happened through the Hindustan Infralog Private Ltd. (HIPL), joint venture recently constituted by DP World with the governmental bottom Indian Indian National Investment and Infrastructure Fund (NIIF) in order to invest until three billions of dollars in the fields of the ports and the logistics(on 22 January 2018). HIPL has bought 90% of the capital of the logistic society Indiana CWCNSL, quota that is yielded by the Reddy family that has maintained remaining 10% of the share capital. The Middle Eastern group has specified that the operation constitutes the first realized investment from HIPL and that the value of the transaction, that it includes house Delex the shipment Private Cargo India Ltd. that it is of entire property of the CWCNSL, is inferior to 5% of the value of the net asset of DP World for the concluded year on 31 December, value that was pairs to beyond 11,6 billion dollars.

The Network of warehouses, warehouses and logistic areas of the CWCNSL extends in all the main shopping centers of India and covers areas for beyond 1,6 million square metres. The total ability to handling of containerized trade of the hub logistic of the company is pairs than more 660 thousand teu. Currently the DP World group is present in India with already operating terminals or phase of preparation in the six ports of Chennai, Cochin, Kulpi, Mundra, Nhava Sheva and Visakhapatnam that have a annual ability to traffic pairs to a total of beyond six million teu.