Dubai’s DP World in Talks for Hong Kong Tycoon’s Logistics Firm, Sources Say
- DP World working with financial adviser on potential offer
- A transaction could value Cargo Services at about $800 million
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DP World is in talks to acquire Cargo Services Far East Ltd. from Hong Kong tycoon John Lau as the Dubai port operator seeks to expand in Asia, according to people familiar with the matter.
DP World is working with a financial adviser on a potential offer for Hong Kong-based Cargo Services Far East, the people said, asking not to be identified because the matter is private. A transaction could value the company at about $800 million, the people said.