DP World has blamed a ‘disconnect’ between equity markets and its long-term investment strategy for a decision to delist the Dubai ports and logistics provider in a $2.7bn deal.
It is part of a move by Dubai to ring fence the acquisitive global ports operator from its ultimate parent Dubai World, which faces its own debt renegotiations.
Port and Free Zone World - the Dubai World subsidiary that is the majority owner of DP World - is to pay $16.75
