Cargo Business Newswire

Tuesday, November 3, 2015

DP World takes full ownership of its UK Southampton port terminal

DP World announced it has acquired the remaining 49 percent stake in DP World Southampton from Associated British Ports, becoming the sole owner of the business. In addition, the port operator has made a deal with ABP to extend the license agreement for DP World Southampton for a further 25 years until 2047.

"Through full ownership of DP World Southampton, we will now be able to combine with DP World London Gateway, the newest deep-sea container terminal and logistics park at the heart of the UK’s biggest consumer markets, to offer our customers

the best possible service, and long term growth, in the UK. A unique and very exciting proposition," said DP World Chairman Sultan Ahmed Bin Sulayem.

ABP chief executive James Cooper noted the deal was good news for the city of Southampton. "The deal provides a solid foundation for the continued growth and development of the UK’s most productive container port," he added.

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