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Dubai DP World in Talks to Sell Minority Stake - ASHARQ AL-AWSAT English Archive
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DUBAI,(Reuters) – Dubai-based DP World said on Sunday it was in discussions with a regional private equity firm to sell a minority stake after receiving an offer.

Dubai World is in discussions with a private equity firm which “may or may not result in a transaction”, DP World said in a statement on Nasdaq Dubai.

The sale would largely come from free float, it added.

Its shares jumped 5.6 percent in early trading.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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