DUBAI: Dubai port operator DP World sold its quarter stake in Russian container terminal Vostochnaya Stevedoring Co to Global Ports Investments, which already holds 75%.
According to a statement by DP published by UAE newspaper (Dar Al Khaleej), its 25% share is worth $230 million. The transaction is expected to close this week, the Dubai-based firm said.
DP World is expected to acquire profits of up to AED500 million ($130 million), trusted sources said. (QNA)
