DP World has agreed to acquire a 71.3% stake in Puertos y Logistica (Pulogsa), the company which operates a long-term concession for Puerto Central (PCE) and which owns and operates Puerto Lirquen (PLQ) in Chile.
The transaction will be affected via a tender offer to acquire all outstanding shares of the business – the terminal operator will offer US$502m for 100% equity ownership.
Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “These new assets will allow DP World to serve cargo owners and shipping lines at five key gateways on the west coast of South America in Posorja (Ecuador), Callao and Paita (Peru) and San Antonio and Lirquen (Chile).
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