DP World to list shares on London Stock Exchange

25 May 2011 - Port Planning

• DP World to list shares on London Stock Exchange

• Port operator hoping to attract wider range of shareholders

Dubai based port operator DP World, have announced that they are to list company shares on the London Stock Exchange from Wednesday next week.

The world’s third largest container terminal operator is hoping that from June 1st, the listing along with Nasdaq Dubai will help attract a wider range of investors.

"This is the next natural step in the evolution of DP World, as the company has developed into a global leader," Chairman Sultan Ahmed bin Sulayem told ABC.

"We are not releasing any shares ... so we are not expecting a dramatic change in DP World's share price in London. It's important people understand this," bin Sulayem said.

As PTI reported last month, DP World handed over their financial figures to the London Stock Exchange in the hope they were able to obtain a listing.

DP World operates at 49 terminals worldwide on six separate continents, including the UK Port of Southampton.