DP World completes $316m deal to acquire Peru’s CAM

DP World completes $316m deal to acquire Peru’s CAM

DP World, the Dubai-based global terminal operator, has closed its acquisition of Peruvian container and logistics giant Cosmos Agencia Maritima (CAM), according to the Associated Press.

The deal, valued at almost $316 million, was struck between DP World, which is majority owned by the government of Dubai, and Andino Investment Holding.

It will see DP World also acquire 100% of Triton Transports and Neptunia as well as a 50% stake in Terminales Portuarios Euroandinos, Peru’s second largest container terminal, which is in the port of Paita.

DP World already operates Peru’s largest container terminal, the facility at Callao (pictured).

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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