Port operator DP World, part of Dubai World conglomerate, is considering a A$1 billion ($884 million) initial public offering by spinning off some of its Australian assets, a media report said on Monday.

DP World is expected to retain a substantial stake in the new listed
entity, to be called DP Australia, the Australia Financial Review said
in an unsourced report.

DP World’s Australian unit was not immediately available for comment.

The planned float comes as the Queensland and the New South Wales
governments separately expand their ports and have facilitated the
entry of Hong Kong-controlled Hutchison Ports as a third force on top
of the duopoly of DP and Asciano Ltd’s.

DP World is one of the largest port operators in the world and is owned
by Dubai government-linked conglomerate Dubai World, but is not
included in its parent company’s $26 billion debt restructuring plans.

Last month, DP World said it would seek a listing on the London Stock
Exchange following disappointment with its market valuation in Dubai.

Source: Reuters

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• DP World to seek London listing

     DP World, the container port business owned by troubled investment group Dubai World, is to seek a share listing on the London Stock Exchange. The planned listing would be the second for DP World, which has been a member of the Dubai Stock Exchange since 2007. The firm, which owns

• Indian government sets navigation on the hat to Dubai Financial Crisis

    The government said it has sought detailed information from all ports associated with DP World to assess the impact of Dubai debt crisis on Indian shipping sector. “Alerted after reports of Dubai financial crisis, we have begun an internal examination of the situation

• Indian government fears scattered rainfall during the Dubai Ports

    Allaying fears that the Dubai financial crisis may have a severe impact on the domestic ports, the government today said the industry need not press the panic button as “it sees no immediate cause of worry”.

• DP World crisis may hit India plan

    Dubai-based port operator DP World, which had planned to invest $12 bn in Indian container terminal industry, may struggle to do so because of the travails of its parent, Dubai World, the heavily indebted holding company of the Dubai government. Although Dubai World has said its debt restructuring process does

• DP World is not u0026quot

    In a statement, the company said: “The Board of DP world would like to reiterate previous statements that they have not been involved in any discussions in relation to a potential sale of stake in the company. ” Nevertheless, it added, “DP World has now been advised by Dubai World

• Dubai crisis unlikely that DP World would hamper operations in Algeria

    An Algerian economist downplayed on Monday the impacts of Dubai’s financial crisis on the activities of Dubai Ports (Dp World) in his country. The announcement of by Dubai World on Wednesday that “it is in deep water” over its debts will not affect the logistic services being offered by DP

• DP World says makes debt service on time

    DP World a subsidiary of debt-laden state-owned holding company Dubai World DBWLD.UL, said it had paid regular coupon and profit obligations tied to a sukuk and a bond issue on time. The ports operator, one of the largest in the world, and listed on Nasdaq Dubai, said it had distributed

• DP World free \ u0026quot, from 59 billion U.S. dollars debt with parents

    One of the world’s largest global ports operator – DP World – has not been implicated by its parent company’s plan to delay repayment on some of its $59 billion worth of current liabilities. “The Government of Dubai has confirmed that DP World and its debt are not included in

• Vallarpadam container terminal from March 10 were commissioned in

    Shipping Secretary K Mohandas today said the proposed International Container Transshipment Terminal at Vallarpadam and LNG terminal at Puthuvypeen are expected to be commissioned by March 2010 and January 2011 respectively. On a query whether crisis in the Dubai World Company would affect the progress of ICTT, which is being

• DP World, does not say in the game sale talks

    Port operator DP World said on Tuesdy it is not involved in talks over a potential sale of a stake, and talks between its parent company and a regional private equity player were no longer ongoing. “The board of DP World would like to reiterate previous statements that they have not

• DP World says not yet been addressed in order to sell shares

    Port operator DP World DPW.DI has never been approached to sell a stake to a private equity firm and any decision would be up to the company’s board, Chief Executive Mohammed Sharaf said on Thursday. “There is no update … we haven’t been approached by anybody,” he said in a conference call.  

• Barclays recommends Nakheel sell bonds to buy Jebel Ali Free Zone and DP World

    Investors should sell Nakheel PJSC’s bonds after they rose as much as 75% from record lows, Bloomberg reported, citing a Barclays Capital report. Nakheel’s AED3.6 billion (US$980 million) floating-rate note due in May rose to 71 cents on the dollar yesterday, gaining 58% from the December 7 low, Bloomberg data

• DP World keen on developing India

    Dubai World has earmarked India as a key region in its global growth strategy.

• Dubai World reluctant to sell the port operator

    Government conglomerate Dubai World, which is restructuring to cope with the global crisis, is not in talks to sell its flagship DP World DPW.DI to a regional private equity firm, DP World said on Tuesday. Dubai World said in May it was in talks to sell part of DP World,

• Dubai financial problems has no impact on Maasvlakte 2

    A subsidiary of Dubai World, DP World, is one of the companies behind the consortium Rotterdam World Gateway (RWG) that will be operating the first container terminal on Maasvlakte 2. However, insofar as this can be determined, the financial problems that Dubai World made the news with last week will