Dubai's DP World buys Britain-based P&O Ferries for $421mln | ZAWYA MENA Edition:
DP World has bought Britain-based P&O Ferries and its logistics arm for 322 million pounds ($421 million), the Dubai-based port operator said on Wednesday.
P&O Ferries operates more than 30,000 voyages a year between Britain, France, Northern Ireland, the Republic of Ireland, the Netherlands, and Belgium, according to its website.
P&O Ferrymasters, the logistics unit, provides supply chain solutions in 19 European locations, DP World said in a statement, adding that the deal was expected to close in the first half of the year.
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