DP World’s Chilean Purchase Driven by Cars — Panjiva


DP World’s Chilean Purchase Driven by Cars

Chile 51 Corp - Ports 661 Mergers 200 Mode - Seaborne 1273

DP World’s latest acquisition is Chilean port operator Pulgosa. That’s the fourth acquisition since the start of 2018, and with an enterprise value (equity plus debt) fo $728 million it is equivalent to 3.3% of DP World’s EV. The facilities, in San Antonio and Lirquen, have likely seen significant growth recently as the ports in total a saw 23.4% expansion in the value of in- and outbound traffic in the 12 months to Oct. 31. That growth has been driven by the automotive industry and in particular imports by auto-distributor Derco, whose imports rose 68.0%, and Ford which saw shipments ri...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.