Published: January 7, 2010
DP World, the container terminal operator owned by Dubai-owned conglomerate Dubai World, plans to list its shares in London, alongside its existing listing on Nasdaq Dubai.
The company expects to list during the second quarter. The planned listing follows a statement by the DP World Board last March saying it was looking at “all available options to address its continued disappointment with the markets valuation of the company”.
DP World hopes for a ‘premium’ listing in London, a new category of listing launched last year for companies with the highest level of reporting standards.