Dubai World to mull sale of DPW stake

Dubai World would consider selling some of its shareholding in DP World (DPW) if the planned listing of the ports group in London is successful, a DPW executive said yesterday.
The news came as Dubai World announced it had completed a major part of its US$24.9 billion (Dh91.45bn) restructuring after the formal signing of agreements with its financial creditors for $14.7bn of debt. The debt will be repaid in two tranches - $4.4bn over five years and $10.3bn over eight years.
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Source: The National