DP World to list on London Stock Exchange as well

DP World Limited, one of the largest marine terminal operators in the world, today announced plans to get its stock listed on the London Stock Exchange (LSE).

The company also published its prospectus containing details of the admission of ordinary shares to the official list and for trading on the main market of the LSE.

Subject to the approval of the UK listing authority, DP World expects the first day of trading on LSE be 1 June 2011.

DP World said a dual listing on the London Stock Exchange and Nasdaq Dubai would help attract a broader range of investors.

DP World said its operational performance has been very strong since its listing in 2007. It has also outperformed the industry, as 75 per cent of its container volumes come from the fast growing emerging markets led by flagship terminal Jebel Ali in the UAE.

DP World has seen a return to sustained container volume growth in 2010, which had continued into the current year. In the first quarter of 2011, gross volumes grew 12 per cent to 12.6 million TEU across its 49 operational terminals.