DP World, one of the world's largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership, the company announced Monday.
The port behemoth's parent company, Port and Free Zone World, has offered to buy the 19.55% of DP World's shares traded on the Nasdaq Dubai for $16.75 a share, representing a 29% premium on its closing price of $13 per share on Sunday, the statement said.
A gantry crane stands in the DP World Ltd. terminal at Port Metro Vancouver in Vancouver, British Columbia, Canada, on Wednesday, Sept. 19, 2018.one of the world's largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership, the company announced Monday.-owned port behemoth's parent company, Port and Free Zone World, has offered to buy the 19.55% of DP World's shares traded on the Nasdaq Dubai for $16.
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