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DP World Limited DPW Divestment of 25% shareholding in Vostochnaya



  DP World Limited (DPW) - Divestment of 25% shareholding in Vostochnaya

RNS Number : 1779P
DP World Limited
22 October 2012
 



                                       

                                       

 

                               DP World Limited

      Divestment of 25% shareholding in Vostochnaya Stevedoring Company

 

Dubai, UAE 22 October 2012:- DP World Limited has reached agreement to  divest 
its  25%  shareholding  in  Vostochnaya  Stevedoring  Company  (Russia).   The 
purchaser is the  existing 75% majority  shareholder Global Ports  Investments 
PLC.

 

DP World's minority ownership in Vostochnaya Stevedoring Company was a  legacy 
investment with limited  management involvement, therefore  we have taken  the 
opportunity to realise value  by divesting our  shareholding to our  long-term 
partner. 

 

The total  consideration for  our 25%  shareholding is  $230 million  and  the 
transaction is expected to close later this week.

 

                                   - END -

Investor Inquiries

 

Fiona Piper               Jasmine Lindsay

Investor Relations        Investor Relations

DP World Limited          DP World Limited

+44 207 901 4142 (direct) +971 48080812 (direct)

 

 

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
HOLUUVSRUKARURA -0- Oct/22/2012 06:00 GMT
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