DP World CEO Sultan Ahmed bin Sulayem attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse
DUBAI: Dubai will pay a 29% premium to acquire 19.55% of DP World Ltd.’s and return the port operator to private ownership as it seeks to transform to an infrastructure-led logistics provider.
DP World’s parent company Port and Free Zone World will acquire the shares traded on Nasdaq Dubai for $16.75, it said in a statement on Monday. They closed at $13 on Sunday.
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