DP World acquires remaining Southampton terminal stake
Dubai-based DP World has acquired the remaining 49% stake in DP World Southampton from Associated British Ports (ABP) which has made the operator the sole owner of the business.
The operator has also agreed with ABP to extend its license agreement for DP World Southampton for a further 25 years until 2047.
DP World has said that the synergies between London and Southampton will make operations even more efficient and make a huge contribution to the UK economy in terms of infrastructure and local employment.
By Alice Mason
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