Independent journal on economy and transport policy
18:27 GMT+1
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DP World buys the company of navigation P&O Ferries
Acquired also logistic associate P&O Ferrymasters
February 20, 2019
The terminalista group DP World of Dubay has bought the company of British navigation P&O Ferries and the logistic associate P&O Ferrymasters having acquired the holding ones that controls the two societies for 322 million pounds (421 million dollars).
P&O Ferries has a fleet of 21 ferries employed mainly in the Sea of the North and the Sea of Ireland in connections that connect 11 ports of United Kingdom, Ireland, France, Belgium and Holland. The ships of the company enliven per year beyond 2,5 million unit ro-ro. In the exercise 2017 P&O Ferries have recorded revenues pairs to 1,1 billion pounds (1,4 billion dollars) and an EBITDA of 100 million pounds (131 million dollars).
According to the forecasts, the acquisition will be capacity to term within the first half of this year.
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The terminalista group DP World of Dubay has bought the company of British navigation P&O Ferries and the logistic associate P&O Ferrymasters having acquired the holding ones that controls the two societies for 322 million pounds (421 million dollars).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
