On the wires: It’s showdown time for DP World

“DP World has continued its diversification strategy, today announcing it will acquire offshore oil logistics specialist Topaz Energy & Marine. It had agreed to buy the company, which operates a fleet of 117 offshore support vessels, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for $1.079bn, as it continues to expand beyond its core business of running ports.” – The Loadstar, 1 July 2019.
Mission: Rampant DP World is on …

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DP World continues its diversification with billion-dollar Topaz Energy & Marine deal

Dubai-headquartered terminal operator DP World has continued its diversification strategy, today announcing it will acquire offshore oil logistics specialist Topaz Energy & Marine.
DP World said it had agreed to buy the company, which operates a fleet of 117 offshore support vessels, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for $1.079bn, as it continues to expand beyond its core business of running ports.
Chairman Sultan Ahmed Bin Sulayem said: …

The...

https://theloadstar.com/dp-world-continues-its-diversification-with-billion-dollar-topaz-energy-marine-deal/