DP World acquires Fraser Surrey Docks in Vancouver, Canada

DUBAI (Reuters) – DP World, one of the world’s largest port operators, said on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund.

The deal is expected to close in the first half of 2019, DP World said. The terminal is being acquired from Macquarie Infrastructure Partners a fund managed by the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group.

Dubai government-controlled DP World also operates a container terminal in downtown Vancouver and another terminal in Prince Rupert.

The complete article can be found at
https://www.theguardian.pe.ca/business/dp-world-acquires-canadian-terminal-fraser-surrey-docks-309627/