DP World says shareholders back $2.6bn EZW buy

DP World last month said it would pay $2.6bn to Dubai World for its EZW logistics infrastructure firm and would delist from the London bourse due to thin trading volumes

NEWS, Business, DP World, EZW Logistics

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Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said on Thursday.

The assent was granted at a meeting on Thursday, with the proposals received near-unanimous support from independent shareholders, DP World said in a London bourse filing.

DP World last month said it would pay $2.6bn to Dubai World for its EZW logistics infrastructure firm and would delist from the London bourse due to thin trading volumes.

Dubai World owns 80.45% of DP World.

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