Thursday 11 February 2010
DP World Discussed Australian Asset IPO With Banks, Review Says
DP World Ltd. has held talks with JP Morgan Chase & Co. and Deutsche Bank AG about a possible A$1 billion ($876 million) listing of its Australian ports, the Australian Financial Review reported in its Street Talk column.
No final decision has been made and Dubai-based DP World would keep a substantial stake in the operations if a local listing went ahead, the newspaper reported, without saying where it got the information.END
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