The Dubai-based terminal operator increased its stake in Pusan Newport Company Limited to 66.03 percent.
DP World said it has acquired an additional 23.94 percent stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries, boosting its holding in PNC to 66.03 percent.
Financial terms of the deal were not disclosed.
Pusan Newport Investment is the only other major shareholder, according to PNC’s website.
DP World ups stake in Korean port
