DP World is seeking shareholder approval to delist from the London Stock Exchange (LSE). The company has also confirmed the $2.6bn acquisition of Economic Zones World (EZW).
In a statement to the press on Thursday (November 13), DP World explains that the move comes as a result of increased investor access to NASDAQ Dubai and DP World’s overwhelming presence on the bourse.
In 2011 the company listed on the LSE to allow for investments from international investors who were unable to access the Dubai-based market. “However, having monitored the situation closely, the directors of DP World believe that a significantly higher number …Read more