SYDNEY: The Australian Competition and Consumer Commission (ACCC) has raised preliminary concerns over DP World Australia’s proposed acquisition of Silk Logistics, a major player in national container transport services. The acquisition could potentially result in reduced competition and higher costs for Australian importers and exporters. DP World Australia, which operates container stevedores at the Ports of…
Tag: DP World Australia
DP World Australia announces acquisition of Silk Logistics
DUBAI, UAE: DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk…