Bruce Barnard | May 25, 2011 9:58AM EDT
DP World will start trading its shares on the London Stock Exchange on June 1 as the world’s third largest container terminal operator bids to attract a wider range of investors.
“DP World believes that a dual listing between the London Stock Exchange and Nasdaq Dubai will help attract a broader range of investors,” the Dubai-based company said in a statement.
“DP World’s operational performance has been very strong since listing in 2007, outperforming the industry.”
DP World’s 49 operational terminals boosted first quarter traffic by 12 percent from a year ago to 12.6 million 20-foot equivalent units.
-- Contact Bruce Barnard at brucebarnard47@hotmail.com.