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 that these discussions are no longer ongoing.”

There had been a previous media report that the Dubai-based private
equity firm Abraaj Capital had approached the company with a view to
buying a minority shareholding.

According to these reports, the two had been in talks for five months,
but negotiations had ceased given difficulties in agreeing on terms.
There is also speculation that attaining the necessary finance in the
current economic environment might well have proved impossible given
the large sums of money involved.

Source: Port Strategy

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

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• Deadline looms for BHP Billiton, Rio JV

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• Arrow Energy rose to talks on possible takeover

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• Tours, discussions highlight RI trade event

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• Atlas Iron to get ore at Wodgina

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• Clipper yachts crash damaged

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