After $7bn Ogun Port Deal, DP World Partners TGI on Logistics Business
• TGI subsidiary acquires 43% stake in UAC •Governor Abiodun hails partnership, says deal signals deepening Nigeria-UAE economic ties Emmanuel Addeh in Abuja Global ports and logistics giant, DP World,
DP World, a global leader in ports and logistics, has announced an expansion of its operations in Nigeria through a $7 billion-plus deal involving Tropical General Investments (TGI) Group. TGI will acquire a 43 percent stake in DP World Logistics Limited, formerly known as MDS Logistics Limited, subject to regulatory approval. This partnership aims to combine DP World's international logistics expertise with TGI's deep understanding of the Nigerian market and extensive distribution network.
The deal is expected to strengthen the logistics company's capacity to serve businesses in Nigeria and connect them to regional and international markets.
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