DP World said that it expected the process of transferring ownership, which will make the company the world’s third biggest port operator, to be completed by 2 March. P&O operates 29 container terminals and has a presence in 18 countries (MEED 2:12:05). The Dubai Ports, Customs & Free Zone Corporation issued a $3,500 million sukuk to part-fund the acquisition in January (MEED 20:1:06).