Dubai's DP World said on Monday it spent $32 million on a stake in a Mozambique company that manages the port of Maputo, the country's capital, looking to tap cargo traffic in southern Africa.
DP World, the world's fourth-largest container-port handler, bought 48.5% of Portus Indico-Sociedade de Servicos Portuarios.
Portus Indico owns 51% of Maputo Port Development Company, which manages Maputo port. |
