DP World To Quit Australia?

Today's Australian business reports DP world has sold its Australian ports.

DP World, previously known as Dubai Ports, is set to quit Australia in a $1bn-plus sale to private equity group Citi Infrastructure Partners. DP World Australia made a net profit before tax in the year to December 31 last year of $116.8 million. It competes against Asciano’s Patrick ports unit competes with DP World and Hutchison Ports.


DP World sells major stake in Australian assets