Parent company wants to delist DP World

Parent company aims to make DP World a privately owned company by acquiring the shares traded on Dubai's stock exchange. The ambition is to make the port company the "world's leading end-to-end logistics provider".

Photo: Kamran Jebreili/AP/Ritzau Scanpix

Terminal company DP World is on its way to being delisted from Dubai's stock exchange.

Parent company Port Free Zone World will take over the proportion of shares traded on Nasdaq Dubai amounting to 19.55 percent, thereby rendering DP World a privately owned company that is 100 percent owned by Port Free Zone World, according to a press statement.

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