PFZW plans debt-funded swoop on DP World

DP_World_17Feb20_PA_575x375_v2
By Mike Turner
17 Feb 2020

A Dubai World subsidiary has agreed to buy port operator DP World for $13.9bn. The lending desks at Citigroup and Deutsche Bank will be big winners from the debt-fuelled transaction.

Port & Free Zone World FZE (PFZW) has agreed to pay $16.75 a share in cash for DP World, taking the company private again after around 12 years of public ownership.

The acquisition will be funded through debt provided by Citigroup and Deutsche Bank. Under the funding agreement, DP ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.