Dubai – Mubasher: Dubai-owned DP World has denied receiving any offers from the Djiboutian government to buy the company’s 33% stake in the Doraleh Container Terminal (DCT).
The Nasdaq Dubai-listed company warned that any agreement between the Djiboutian government and a third party will be void, according to local media.
“We will pursue our legal rights against any such third parties,” DP Word’s spokesperson stated.
In February, DP World’s chairman said that the Djiboutian government has set out insuperable conditions in its contract with the Emirati port operator.
DP World reported a 7% year-on-year increase in its profits by the end of 2017.
