DP World plans IPO
Published September 12th, 2007
State-owned Dubai Ports World plans to raise as much as $4.2 billion to finance its growth by selling shares in an initial public offering before the end of the year, reported Reuters citing an unnamed source. The firm plans to sell about 20% of its shares and list them on the Dubai International Financial Exchange, however the Dubai government still needs to approve the plan, the source said. [AMEInfo.com]
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