DP World shareholders back London de-listing


Shareholders in Dubai's DP World, the infrastructure giant which owns the London Gateway deep sea container port, have backed proposals to de-list its shares from the London market, where its stock hardly trades.
A resolution to approve the move was backed by more than 98 per cent of shareholders who voted at an extraordinary general meeting held in Dubai today, DP World said in a statement.
Explaining its reasons for de-listing from the London Stock Exchange a month ago, DP World said that 99 per cent of its shareholders hold the stock via its other listing on Nasdaq Dubai.
It said at the time:
Directors believe that the Dubai listing is a sound base for DP World's international shareholder base.
DP World was listed in London in 2011. It retains a number of investments in the UK, notably the London Gateway project on the Essex coast, where it has also created Europe's largest logistics park.



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