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Investors circle Istithmar’s shipping company

Dubai World’s investment unit is looking to sell Inchcape Shipping Services for up to $700 million.

February 3, 2010 12:01 by

Istithmar, the investment arm of the troubled Dubai World, has put Inchcape Shipping Services up for sale for around $700 million, according to the Financial Times.

Advent International, Cinven, Charterhouse, Montagu, TPG and Kohlberg Kravis Roberts & Co. are among private equity groups working on potential bids, the FT said.

ISS is headquartered in the UK.

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