DP World $2.6 billion acquisition of Economic Zones World

Overview:

• DP World has acquired Economic Zones World (EZW) for $2.6 billion.
• DP World and EZW are both part of Ports & Free Zone World FZE, which is owned by Dubai World.
• The deal includes debt of $859 million.
• The deal will see the company de-listed from the LSE while maintaining its Nasdaq Dubai listing.
• EZW is a logistics infrastructure company.
• The deal is part of Dubai World's efforts to pay down its debt following its 2011 restructuring. The company owes $10 billion to creditors in 2018.

Sam Duke - Editor