DP World for sell?

(HornTrade) – To meet its debts, Dubai World has announced yield for 15.3 billion euros in assets in five to eight years. Driven by its creditors, the sovereign wealth fund Dubai will separate from one of its jewels, DP World, which owns 77%. The fund also shedded his famous free zone of Jebel Ali UAE. Also present in Senegal and Djibouti, DP World the third world port operator, plans a turnover of 3.1 billion dollars (about 2.4 billion euros) in 2010 and profit before taxes, depreciation and amortization of $ 1.1 billion. If the sale of assets by Dubai World was expected, the sale of DP World, described as “strategic asset”, is rather a surprise.


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