Terminal Operator DP World Buys 44% Stake In Swissterminal

One of the world’s largest port operators, DP World, is buying a 44% stake in Swiss Swissterminal, according to the official release of DP World.

« DP World and Swissterminal Holding AG, a leading container terminal operator in Switzerland, have entered into a strategic partnership. Starting January 20, 2020, DP World will acquire a 44% stake in Swissterminal Holding AG from the Mayer family, the founders of the business, who will remain the majority shareholder, » the company notes .

The parties agreed not to disclose the financial details of the transaction.

The partnership is expected to provide companies with a strong competitive advantage and strengthen their leadership position. In addition, it is noted that the cooperation will allow DP World and Swissterminal to expand the network of terminal companies, increase efficiency and increase their portfolio of services. After this transaction, no major structural changes are planned in the respective companies.

DP World specializes in port transportation, operates in 40 countries. The company employs more than 50 thousand people.

Swissterminal is headquartered in Frenkendorf. The company also has representative offices in Zurich, Birsfelden, Listal. Swissterminal Holding terminals are connected to the ports of Rotterdam, Antwerp, La Spezia, Genoa, Ravenna and Trieste.

source: bloomberg.com

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