DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangementwith a cash offer of A$2.14 per share. The transaction values the equity of Silk Logistics at approximately A$174.5 million. This transaction is subject to shareholder approval of Silk Logistics and standard closing co…

Emirates24|7

Dubai

United Arab Emirates

DP World Australia announces acquisition of Silk Logistics

Media Bias/Fact Check

Deal worth A$174.5m Silk shares up 40% Board unanimously in favour  DP World Australia has announced plans to acquire the freight and logistics service provider Silk Logistics Holdings, in a deal worth A$174.5 million ($114.9 million). The Australian subsidiary of Dubai’s DP World will buy Silk Logistics at a price of A$2.14 ($1.40) per share.  The transaction is subject to shareholder approval and regulatory approvals, and is expected to be com…

AGBI

DP World to acquire Australia’s Silk Logistics

Abby Williams SILK Logistics Holdings has inked a sale agreement with DP World Australia for the acquisition of all issued share capital of Silk. The ASX-listed logistics company announced this morning (11 November) that it had entered a scheme implementation deed with DPWA. Silk’s equity is valued at about $174.5 million. “DP World Australia is excited about the opportunity to welcome Silk into our portfolio,” DP World CEO and managing director…

The DCN

DP World Australia to acquire Silk Logistics

The deal is expected to be completed by the first half of 2025. Image: Silk Logistics DP World Australia has announced its plans to acquire port-to-door logistics provider Silk Logistics.  With its fleet of prime movers, side-loaders and trailers, Silk Logistics provides port-to-door logistics services, operating from 21 logistics hubs and 25 warehousing sites across five Australian states. Silk Logistics operates two main business segments: 
Po…

Big Rigs

Silk Logistics Holdings (ASX:SLH) has entered into a Scheme Implementation Deed with DP World Australia Limited for the acquisition of 100% of its issued share capital through a scheme of arrangement. The proposed transaction values Silk’s equity at approximately $174.5m, with shareholders set to receive cash consideration of $2.14 per share, less any dividends declared before the scheme's completion. Silk is an Australian logistics and supply c…

sharecafe.com.au

Silk Logistics to be acquired by DP World Australia in $174.5m deal

DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk Logistics at approximately A$174.5 million.  This transaction is subject to shareholder approval of Silk Logistics and standard closing …

shipmanagementinternational.com

Image: ek/stock.adobe.com.Silk Logistics Holdings has entered into a Scheme Implementation Deed (SID) with DP World Australia for the acquisition of 100 per cent of the issued share capital of Silk by way of a scheme of arrangement.
Under the terms of the scheme, Silk shareholders will receive total cash consideration of $2.14 per share, less any dividends declared or paid prior to shareholders on or before the date of implementation of the sche…

DP World Australia announces acquisition of Silk Logistics

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