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DP World denies London IPO

United Arab Emirates: Monday, July 10 - 2006 at 09:02

Sultan Ahmed bin Sulayem, the Chairman of DP World, yesterday denied that his organisation is to float on the London Stock Exchange later this year, reported Gulf News. An article in the UK's Sunday Times suggested that 20% of DP World might be sold off, but bin Sulayem said the article was speculative and DP World is considering a range of finance options including bank loans, sukuks and floatation.



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Jonathan Sheikh-Miller Jonathan Sheikh-Miller, Deputy Editor
Monday, July 10 - 2006 at 09:02 UAE local time (GMT+4)

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