DUBAI: Dubai plans to delist its port operator to help repay more than US$5bil of government-related debt.
As part of DP World Ltd’s delisting, its parent - Port and Free Zone World - will pay Dubai World US$5.15bil to help it repay outstanding commitments to banks. The conglomerate has about US$9.9bil in debt maturing in 2022 and a further US$1.1bil due in 2026, according to data compiled by Bloomberg.
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