Port & Free Zone World (P&FZ), the direct owner of global ports operator DP World (DPW.DI) is considering refinancing options for an $850 million financing facility, the prospectus for DP World's London listing showed.
Shares in DP World, the third largest ports operator in the world and one of the more profitable units of debt-laden Dubai World [DBWLD.UL], will begin trading on the London Stock Exchange on June 1, the company said on Wednesday. [ID:nLDE74O16A]
State-owned conglomerate Dubai World is the parent company of P&FZ, which owns 80.5 percent of DP World and has two representatives on the latter's board of directors, the prospectus, published May 25, said.
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