DP World’s $750 Million Acquisition of Puertos y Logística S.A.

Cuatrecasas advises DP World on the deal

DP World has entered into an agreement to acquire a 71.3% stake in Puertos y Logistica S.A. from Minera Valparaiso and other shareholders associated with the Matte Group in Chile.

Pulogsa is listed on the Santiago stock exchange, and the acquisition will be effected via a tender offer to acquire all outstanding shares of the business.

DP World will offer US $502-million for 100% equity ownership. The acquisition is expected to be earnings accretive in the first full year of consolidation and it will be financed from existing balance sheet resources.

As of 30 September 2018, Pulogsa had net financial debt of $226m.

DP World Ltd is a global operator of container and marine terminals. The Company, led by Sultan Ahmed Bin Sulayem, Yuvraj Narayan and Sara Falaknaz, operates marine terminals across six continents, and generates its core revenues from handling cargo containers. In 2017 the company recorded $5 Billion Revenues.

Cuatrecasas advised DP World on the deal with a team including Javier Villasante (Picture), Mariano Ucar, Álvaro López de Ceballos and Marta Benjumea.

Involved fees earner: Marta Benjumea – Cuatrecasas; Álvaro López de Ceballos – Cuatrecasas; Mariano Ucar – Cuatrecasas; Javier Villasante – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: DP World;

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