DP World for London or Dubai lising

DP World, the world’s third largest ports group and P&O’s owner, has hired Deutsche Bank and Shuaa Capital, a Dubai-based investment house, to consider a partial float or refinancing, just over a year after buying the British ferries and ports group, reports The Times.

It is understood that DP World is keen to reach a decision by the autumn. In the event of a partial float, the Dubai government would retain control of the group, selling a minority stake. Under such a scenario, it is thought that DP World would be seeking to raise around £1bn from the float. Source