DP World says not yet been addressed in order to sell shares
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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. Parent company Dubai World said in May it was in talks to sell
a stake in the port operator after it was approached by a regional
private equity firm to sell a minority stake. Selling a stake would be
“something for the board of DP World to decide,” he said. State-owned
Dubai World is the majority shareholder in DP World.Source: Reuters
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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
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,
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