DP World wants London stock listing
Dubai-based marine terminal operating company DP World said Wednesday it will seek a listing of its shares on the London Stock Exchange.
Last March the company said it would evaluate all available options to address “continued disappointment with the markets valuation of the company.”
“After an extensive period of review with advisers, and discussions with shareholders, the board of DP World has decided to seek a premium listing on the London Stock Exchange whilst maintaining the existing primary listing on Nasdaq Dubai,” the company said. “It is currently envisaged that we will seek admission for listing in the second quarter of 2010.”
DP World wants London stock listing
