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DP World acquires P&O Ferries for $421m

P&O Ferries is a pan-European integrated logistics business consisting of a market leading ro-ro ferries operation and a European transportation and logistics solutions provider. The ferry fleet consists of 21 vessels on the shortsea, North Sea and Irish Sea sectors across 11 ports, handling some 2.5m freight units a year, while P&O Ferrymasters provides supply chain solutions in 19 European locations

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The acquisition is expected to be earnings accretive from the first full year of consolidation and is expected to meet DP World’s return targets

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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