Dubai port operator DP World said on Wednesday it had acquired a 90 percent stake in Egyptian Container Handling Co for $670 million.
Located at Sokhna, near the mouth of the Suez Canal, the port is expected to have a capacity of 1.2 million 20-foot equivalent units by the end of 2009, DP World said in a statement.
The Dubai government plans to sell a 20 percent stake in DP World next month in what could be the Middle East's largest initial public offering. Source
Located at Sokhna, near the mouth of the Suez Canal, the port is expected to have a capacity of 1.2 million 20-foot equivalent units by the end of 2009, DP World said in a statement.
The Dubai government plans to sell a 20 percent stake in DP World next month in what could be the Middle East's largest initial public offering. Source
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