Dubai’s DP World shareholders approve EZW buy

21 Dec 2014

(MENAFN) Dubai’s DP World shareholders have approved buying Economic Zones World from its majority shareholder as well as backed the port operator’s delisting from the London Stock Exchange, Arabian Business reported.

The proposal of DP World, of which 80.45 percent is owned by Dubai World, received near-unanimous support from independent shareholders.

Last month, DP World last month said that it had plans to pay USD2.6 billion for Dubai World for its EZW logistics infrastructure firm.

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