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MarketScreener Homepage  >  Equities  >  DUBAI INTERNATIONAL FINANCIAL EXCHANGE LTD.  >  DP World PLC    DPW   AEDFXA0M6V00

DP WORLD PLC

(DPW)
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DP World : and Hindustan Infralog to acquire a 76 per cent stake of KRIL

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05/25/2019 | 12:29pm EDT

DP World Image Credit: File photo

Dubai

Hindustan Infralog, a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), said Thursday that it had completed its acquisition of a 76 per cent stake in KRIBHCO Infrastructure, an integrated multi-modal logistics operator in India.

The acquisition was made through its 90 per cent owned subsidiary, Continental Warehousing Corporation.

KRIBHCO will continue to retain the remaining 24 per cent shareholding, according to DP World.

KRIL was founded in 2009 and operates three major inland container depots, and private freight terminals at Pali, Haryana; Modinagar, Uttar Pradesh; and Hazira, Gujarat.

It has container train operations with a pan India outreach, according to a statement. KRIL has a strong presence in the National Capital Region (NCR), which is India’s largest import and export market with a population of over 46 million, including a terminal located on a notified double stack route.

With the acquisition of KRIL, HIPL said it will emerge as one of the leading integrated rail terminal and container train operators in India with an enhanced network to provide door-to-door connectivity to cargo owners.

Sultan Ahmad Bin Sulayem, group chairman and CEO of DP World, said: “We are delighted to announce the acquisition of 76% stake in KRIBHCO Infrastructure Limited (KRIL), a rail logistics solutions provider, which is highly complementary to our earlier acquisition of Continental Warehousing Corporation. It enables the DP World Group to become a significant operator in the fast-growing inland logistics market.”

(c) Al Nisr Publishing LLC 2019. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 6 900 M
EBIT 2019 2 025 M
Net income 2019 1 314 M
Debt 2019 7 538 M
Yield 2019 2,55%
P/E ratio 2019 11,37
P/E ratio 2020 10,96
EV / Sales 2019 3,24x
EV / Sales 2020 2,95x
Capitalization 14 849 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 24,7 $
Spread / Average Target 38%
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Managers
NameTitle
Sultan Ahmed Sultan bin Sulayem Group Chairman & Chief Executive Officer
Yuvraj Narayan Group Chief Financial Officer & Executive Director
Chin Seng Teo Senior Vice President-Information Technology
Deepak Shantilal Parekh Senior Independent Non-Executive Director
Robert Barclay Woods Independent Non-Executive Director
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