DP World Extends Southampton Port Operation Through 2047

November 2, 2015 1:06 PM

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Dubai-based international port operator DP World says it has extended its operations at Britain's Southampton port through 2047 while becoming the sole owner of the venture there.

In a statement Monday, DP World said it purchased the 49-percent stake in the Southampton venture from Associated British Ports Holdings. It did not discuss the financial terms of the deal.

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