DP World completed acquisition of P&O Ferries for $421m.

DP World, a global port operator, completed the acquisition of P&O Ferries, a pan-European integrated logistics business, from Dubai World, an investment company, for $421m. "We are pleased to announce the return of P&O Ferries back into the DP World family. P&O Ferries is a strong, recognisable brand and adds a best-in-class integrated logistics provider into our global portfolio. Importantly, P&O Ferries provides efficient European freight connectivity building on last year's acquisition of Unifeeder. This transaction is in line with our strategy to grow in complementary sectors, strengthen our product offering and play a wider role in the global supply chain as a trade enabler," Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO.