Addleshaw Goddard and Clifford Chance are advising Saudi entities on an investment of $2.4 billion in the headquarter assets of global ports and logistics concern, UAE-based DP World.
The investment by Hassana implies a total enterprise value of approximately $23 billion for the three flagship assets, the firm said. It is the second tranche of the sale by DP World of a strategic minority stake in three UAE assets, following the first tranche $5 billion investment which successfully closed in June 2022.
