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DP World Limited to acquire the Fairview Container Terminal in Prince Rupert, Canada for C$580 million

Fasken
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Client

DP World Limited

On April 2, 2015, DP World Limited announced an agreement to acquire Maher Terminal’s Fairview Container Terminal in Prince Rupert, British Columbia from Deutsche Bank. The acquisition presents opportunity for growth in an expanding and increasingly demanding market. DP World Limited has been a significant investor in Canada, as operator of a large terminal in Port Metro Vancouver. The transaction will provide significant benefits, including expansion which will add capacity to Canada’s Asia-Pacific Gateway and Corridor, increase in employment levels in Canada. The completion of this transaction is subject to Canadian regulatory approvals, and is expected to occur in the second half of 2015.

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