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DP World buy Fairview Container Terminal

DP World has signed a deal to buy Maher Terminal’s Fairview Container Terminal in Prince Rupert, from Deutsche Bank for $580 million.

The Dubai-based port operator said it will look to do a feasibility assessment for another expansion.

Michael Gurney is the manager of corporate communications for the Prince Rupert Port Authority.

The deal is subject to Canadian regulatory approvals, and is expected to be completed in the second half of 2015.

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