Drop 'DB' and 'DP'. Call it 'DHL Schenker'. Sounds cool, huh?
Very much so
DP World announced today that it is to buy Maher Terminal’s Fairview terminal in Prince Rupert, Canada. With a concession that runs to 2034, and an extension to 2056 after phase two is finished, the price for the total outstanding stock, on a debt-free basis, is $457m – which we think is a good deal for the Dubai operator. Regulatory authorities have yet to approve the purchase, but expect to see it finalised in the second half of the year.
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