Dubai Ports World mulls IPO

July 10, 2006 at 2:41 PM
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DUBAI, United Arab Emirates, July 10 (UPI) -- Dubai Ports World, which recently bought British ports operator P&O, is planning an initial public offering.

The company, an arm of the United Arab Emirates government, is considering including about 52 ports in the IPO, the Guardian reported Monday.

Since buying P&O, Dubai Ports World has continued to expand and is in the process of building a $500 million container terminal at Qingdao in eastern China. The company also owns Jebel Ali, the largest port in Dubai.

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