DP World linked to London IPO

DP World hopes to attract investors to London listing DP World hopes to attract investors to London listing
Industry Database

DP World is being linked with the possible sale of shares on London's stock exchange, with the company hoping to join the FTSE 100 index of shares.

UAE local newspaper The National reported on the possibility that DP World might use the London listing to increase liquidity and raise capital. In response the share price jumped up by 4.9%.

Further, rumours suggest that parent company Dubai World will sell part of the 77% stake it holds in DP World, while at the same time a new rights issue will be undertaken on the London exchange. Dubai World is about to present a plan on repaying $26 billion in debt that came about from the crash in its large property holdings, Limitless World and Nakheel.

In total up to 35% of DP World may well end up in the public domain.

If (as it seems) the process for a London listing is in its early stages, DP World and its advisers Deutsche Bank and Citigroup, are going to be pushed for time to finalise the complex mechanism before July. If this opportunity is missed, the next time the shares can be floated will be in September, after DP World’s interim results.

LATEST PRESS RELEASES

Jade Logistics leads Indonesian ports into a digital future

Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more

Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.

Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more

TGI Maritime Software launches «Hazardous» and «Yard Management» modules

TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more

Asia’s future energy needs on the agenda at Tank Storage Asia 2018:

Asia’s future energy needs on the agenda at Tank Storage Asia 2018: Read more

Portunus assumes dealership of Dana Spicer in Egypt

Portunus Naem, the Egyptian branch of Portunus Port Spares & services is appointed as official Dana ... Read more

Very first installations by new SFT Spanish office

Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more

View all