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DP World IPO looms
- United Arab Emirates: Tuesday, May 16 - 2006 at 07:38
DP World says it plans to offer shares in an initial public offering, according to a Bloomberg report. The bank has engaged Deutsche Bank, Merrill Lynch, Dubai Islamic Bank and Shuaa Capital to advise on a share sale. No date has yet been set. DP World paid $6.6bn for UK-based P&O in February, outbidding Singapore's PSA.
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James McInerney, News EditorTuesday, May 16 - 2006 at 07:38 UAE local time (GMT+4)
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