Dubai's DP World is in talks with banks for a $1-billion syndicated loan to replace its existing $3-billion deal that matures in October, bankers said.
The global ports operator is self-arranging the deal, with pricing within the 200 b
Dubai-based DP World, one of the world's largest ports operators, posted a near four-fold increase in its first-half profit as it booked a $436 million gain from the sale of its Australian port operations last year.
First half profits,
Port & Free Zone World (P&FZ), the direct owner of global ports operator DP World is considering refinancing options for an $850 million financing facility, the prospectus for DP World's London listing showed.
Shares in DP Wo
Ports operator DP World is under 'no pressure' from the Dubai government to sell its assets for debt repayments, the company's chief operating officer said on Sunday.
'There is no pressure from Dubai to sell assets. We are