July 27, 2020 / 9:56 AM / 8 days ago

DP World to acquire 60% of Korea's UNICO Logistics

FILE PHOTO: Terminal tractors line up to load containers into a cargo ship at DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed/File Photo

DUBAI (Reuters) - Dubai-based global ports operator DP World has agreed to acquire a 60% stake in South Korea-based UNICO Logistics Co, DP World said in a statement on Monday.

The transaction, subject to regulatory clearance, is expected to close in the fourth quarter of this year, DP World said.

Reporting by Yousef Saba; editing by Jason Neely

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