DP World agreed to buy Dubai industrial and logistics infrastructure firm Economic Zones World (EZW) for USD 2.6 billion.
The purchase includes the assumption of net debt of USD 859 million, the port operator said on Thursday.
The purchase will be funded from existing cash and conventional and murabaha term loan and revolving facilities.
DP World said also it was seeking shareholder approval to delist its shares from the London Stock Exchange, while it would maintain its NASDAQ Dubai listing.
The London listing is thinly traded, while liquidity in Dubai markets has been increasing in the past two years. Delisting is expected to take effect on or about Jan. 21, the port operator said.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}