Published: 22 Dec 2010
Today's Australian business reports DP world has sold its Australian ports.
DP World, previously known as Dubai Ports, is set to quit Australia in a $1bn-plus sale to private equity group Citi Infrastructure Partners. DP World Australia made a net profit before tax in the year to December 31 last year of $116.8 million. It competes against Asciano’s Patrick ports unit competes with DP World and Hutchison Ports.
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