Wednesday, 28 April 2010

DP World shareholders clear way for London listing

Ports operator DP World, a unit of conglomerate Dubai World, said on Tuesday shareholders approved an amendment allowing the firm to seek a listing on the London Stock Exchange.

Voting results from the firm’s annual general meeting were released in a statement to the Nasdaq Dubai bourse.

DP World also said shareholders voted in favour of a buyback proposal for a “limited number” of ordinary shares. It did not give a specific figure.

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