Abu Dhabi, UAESaturday 30 May 2020

Business Extra: DP World turns private and the Jeff Bezos Earth Fund

Shares in the operator of Dubai's Jebel Ali and Mina Rashid port will no longer be listed but its bonds and sukuk will still be publicly traded

DP World's momentous decision to return to private ownership has made headlines around the world. Its parent company, Port and Free Zone World, has offered to acquire the 19.55 per cent of DP World's shares it does not already own, which trade on Nasdaq Dubai. It is going to give shareholders an almost 30 per cent premium on the share price before the announcement as a sweetener.

This week, Mustafa Alrawi, assistant editor in chief at The National, and Kelsey Warner, future editor, talk about DP World's decision to delist and Jeff Bezos's $10 billion Earth Fund.

In this episode:

DP World (0m 32s)

Earth Fund (13m 28s)

Headlines (18m 00s)

Read more on our website:

DP World to delist from Nasdaq Dubai to focus on long-term strategy

What does DP World’s delisting decision mean?

DP World on lookout for acquisitions in the US

Amazon's Jeff Bezos pledges $10bn to fight climate change

HSBC to restructure as profit of Europe's largest bank falls 33%

Investcorp plans second regional private equity fund following its HarbourVest deal

World’s happiest nation seeks further joy through national financial literacy plan

Updated: February 19, 2020 02:36 PM

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