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)
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Updated: February 19, 2020 02:36 PM