Monday, 1 February 2010
DP World mulls $884 million IPO of Australian unit
Port operator DP World, DPW.DI part of Dubai World DBWLD.UL conglomerate, is considering a A$1 billion ($884 million) initial public offering (IPO) by spinning off some of its Australian assets, a media report said on Monday.
DEALS
DP World is expected to retain a substantial stake in the new listed entity, to be called DP Australia, the Australia Financial Review said in an unsourced report.
DP World's Australian unit was not immediately available for comment.
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