Dubai's DP World to delist, return to full state ownership

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Dubai's DP World to delist, return to full state ownership
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Dubai's DP World , one of the world's largest port operators, said on ...

FILE PHOTO: General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/Hamad I Mohammed/File Photo

DUBAI - Dubai’s DP World , one of the world’s largest port operators, said on Monday it would delist from the Nasdaq Dubai exchange after its parent company offered to acquire its 19.55% listed shares. DP World will be fully owned by parent Port and Free Zone World, a subsidiary of state investment vehicle Dubai World, once it delists.

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