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RNS Number : 2360T

DP World Limited

02 October 2014

DP WORLD ACQUIRES DUBAI-BASED WORLD SECURITY FZE

Dubai, UAE 02 October 2014: DP World today announces that it has acquired World Security FZE for total consideration of $25.5 million.

World Security FZE provides security services and solutions to various corporates in Dubai including ports and free zones. World Security FZE is a wholly owned subsidiary of Istithmar World Ventures LLC, which is part of the Dubai World Group which in turn is 100% owned by the Government of Dubai.

Dubai World is the majority shareholder and a related party of DP World under the UK Listing Rules. The acquisition is classified as a smaller related party transaction under Listing Rule 11.1.10.

Given that security is crucial to the safe and secure operation of Dubai's ports, this was a unique opportunity to acquire a strategically important asset on commercial terms.

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Investor Enquiries

 
 Redwan Ahmed                Jasmine Lindsay 
  Investor Relations          Investor Relations 
  DP World Limited            DP World Limited 
  Direct: +97148080842        Direct (UAE): +971 48080812 
  Mobile: +971505541557       Mobile (UAE): +971 504220405 
  redwan.ahmed@dpworld.com    Jasmine.lindsay@dpworld.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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