DP World shares list on London Stock Exchange
Dubai, June 1, 2011
DP World, the global marine terminal operator, announced that its shares have been listed and begun trading on the London Stock Exchange.
There was no new capital raised as part of the listing on the bourse. The aim is to provide an additional platform to invest in DP World shares to help attract a broader range of investors, a company statement said.
DP World shares will also continue to trade under DP World's existing listing on Nasdaq Dubai with its shares being fully fungible across both exchanges.
“Today marks another milestone in our history as DP World becomes the first Dubai Company to obtain a Premium listing on the London Stock Exchange,” said Sultan Ahmed Bin Sulayem, chairman of DP World.
“DP World is the only listed global port operator and we are delighted to be listed on the London Stock Exchange offering more investors the opportunity to invest in our unique company,” added Mohammed Sharaf, chief executive officer.-TradeArabia News Service