DPI Grabs CSXWT for US$1.4 billion

Quite literally at time of going to press we learned that Dubai Ports International (DPI) has secured the global assets of CSX World Terminals for US$1.4billion. DPI was a late runner and there will be those who are surprised to see them paying such a price. Clearly, DPI was determined to leap into the big time with this one and was determined not to miss out – at any price. It will indeed be interesting to monitor their competitors reaction to what certainly represents an interesting benchmark.