| Kippreport.com

DP World not planning stake sale

September 15, 2009 2:04 by kippreport

Dubai-based port operator DP World has said that it is not planning any stake sale at the moment, reports Reuters. “The board of DP World would like to reiterate previous statements that they have not been involved in any discussions in relation to a potential sale of a stake in the company,” the company said in a statement.

“DP World has now been advised by Dubai World that these discussions are no longer ongoing,” it added.

Reports had earlier claimed that talks with private equity firm Abraaj Capital to buy a stake in DP World fell after both companies failed to agree terms.

Tags: DP World, stake sale