DP World mulling $2 billion partial float
Dubai Ports World is reconsidering a partial stock market floatation or refinancing and has hired Deutsche Bank and Dubai-based investment firm Shuaa Capital to assist, London’s The Times reports.
The newspaper said DP World is looking to raise about '1 billion ($2 billion) by selling a minority stake, meaning the Dubai government would retain control of the group.
Last year, DP World dropped plans to sell 20 percent on the London Stock Exchange after being spooked by volatile market conditions, The Times said.
DP World mulling $2 billion partial float
