Shares in DP World (DPW.DI), the third largest ports operator in the world, will begin trading on the London Stock Exchange on June 1, a company statement said on Wednesday, as the firm seeks to boost liquidity.
DP World - considered one of the more profitable units of debt-laden Dubai World [DBWLD.UL] - said in April that it planned for a one-for-20 share consolidation to put its share price more on a par with global companies. [ID:nLDE73503M]
"It is anticipated that, subject to the approval of the UK Listing Authority, the first day of trading will be Wednesday 1 June 2011," the statement said. At the time of writing, a copy of the prospectus had not yet been published.
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