Global Ports and Free Zones Corporation - the company that owns DP World - has made an offer to acquire 19.5% of the shares of DP World currently traded on the NASDAQ Dubai. < / p>
If this deal is completed, DP World will return to private ownership.
According to ArabiaNet, each of the shares of DP World will be purchased at a price of $ 16.75, an increase of 29% over the market closing price yesterday, which reached $ 13.
Once canceled, DP World will be wholly owned by the parent company, the International Ports and Free Zones Corporation, which is fully owned by Dubai World Group.
The global ports and free zones company will pay Dubai World $ 5 billion to help it pay the obligations due to banks as part of the write-off of DP World shares.
