DP World is ready to make acquisitions in the United States, where it previously sold port assets to insurer American International Group, and the company is on the lookout for a “good deal”, its chairman said. The company does not own any terminals in the US after selling hubs in New York, Newark, Baltimore, Philadelphia, Tampa and New Orleans over security concerns. The company is believed to have received over USD1bn for the assets.
DP World (DU): AED16.50 as of 23 Jan. 2019, Rating: Buy, TP: AED24.00/share, MCap: USD13,695mn, DPW DU/DPW.DI
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