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Press release: “Dubai, UAE, 13 January 2019: Global trade enabler DP World today announces that it has entered into an agreement to acquire 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the Matte Group.  Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding shares of the business.  Under the tender process DP World will offer [US$502mn]^[1] in consideration for 100% equity ownership. As of 30 September 2018, Pulogsa had net financial debt of $226m. The acquisition is expected to be earnings accretive in the first full year of consolidation and it will be financed from existing balance sheet resources. The transaction is subject to relevant third party consents and is expected to close in the first half of 2019.”