Dubai Ports mulling acquisitions to re-enter U.S.

DP World (DPW.DI: Quote, Profile, Research), the container port handler forced to sell its U.S. assets over security concerns, said on Monday it was considering making acquisitions in the United States.

"We are reviewing it," said Mohammed Sharaf, DP World's chief executive officer, when asked about the possibility of buying in the United States.

"We are looking at the U.S. market and we're looking at different areas," he told reporters in Dubai, declining to be more specific.

State-controlled DP World, whose shares debuted in Dubai on Monday, was forced to sell its U.S. assets after agreeing to buy P&O for $6.8 billion last year. P&O operated at six terminals in the United States.

Source:Reuters