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: …

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Source: The Loadstar