September 10, 2018 / 9:39 AM / 11 days ago

Djibouti nationalises shares held by Port of Djibouti in Doraleh Container terminal

NAIROBI, Sept 10 (Reuters) - Djibouti’s government has decided to nationalise shares held by the Port of Djibouti (PDSA) in the Doraleh Container Terminal (DCT), it said in a statement, in the latest twist in a dispute dating back to at least 2012.

“The Republic of Djibouti, has decided to nationalise with immediate effect all the shares and social rights of PDSA in the DCT company to protect the fundamental interests of the Nation and the legitimate interests of its partners,” the presidency said in a statement.

The government of Djibouti seized the Doraleh Container Terminal from DP World in February over this dispute.

DP World did not immediately respond to a request for comment on Monday.

Reporting by Ingrid Melander Editing by Matthew Mpoke Bigg

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