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DP World plans $3.5bn IPO
- United Arab Emirates: Thursday, October 04 - 2007 at 11:24
Dubai-owned DP World, the world's third-largest container port operator, plans to sell as much as 30% of its shares, worth up to $3.5bn, to help fund expansion in an IPO that could begin next month, reported Bloomberg citing two sources close to the project. Once the sale is approved by the Dubai government, the shares would be listed on the Dubai International Financial Exchange and may also be offered on the London Stock Exchange.
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