Dubai-based DP World has acquired ferry firm P&O in a deal with £322 million. Dubai-based DP World has acquired ferry firm P&O in a deal with £322 million. P&O Ferries snapped up by DP World for £322mDP World, which also operates container ports in London and Southampton, said it will aim to drive efficiency savings at P&O once the deal is complete. P&O operates more than 30,000 voyages a year and handles over 2.5 million freight units, which account for approximately 75% of its revenues. “Importantly, P&O Ferries provides efficient European freight connectivity building on last year’s acquisition of Unifeeder.

Source: Irish Independent February 20, 2019 09:56 UTC