DP World’s Chilean Purchase Driven by Cars — Panjiva
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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...

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