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IPO rumours circle DP World

Dubai World has declined to comment on reports that the holding company's subsidiary DP World plans to stage an initial public offering (IPO). 'It's very early to talk about an IPO,' said Dubai World vice-chairman Jamal Majid bin Thaniah. 'A while ago, we said that in two years' time we will be looking into this, but there is nothing new to add.' The UK's Sunday Times reported that DP World could stage an IPO of up to 20 per cent of its shares by November and raise almost AED 7,000 million ...

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