DP World in plan to join FTSE 100 club

* username: rupertbu

DP World, Dubai’s global port and logistics group, is aiming to become a member of the FTSE 100 Index of shares as part of a plan to sell new equity on the London Stock Exchange, senior sources at the company say.

The plan is still at an early stage and no final decision has been made, but it is believed DP World is examining a strategy to place new shares with a simultaneous rights issue and a sale of some of the controlling 77 per cent stake held by its parent company, Dubai World.

The NASDAQ Dubai-listed company announced in January it was seeking a dual listing on the London Stock Exchange this year.