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Dubai: Government to Buy Back Public Shares in DP World
March 8th, 2020 - 12:20 GMT

Dubai: Government to Buy Back Public Shares in DP World

The debt-burdened government of Dubai is making the unusual move to regain full ownership of partially privatised state firm DP World, buying back public shares and delisting the company from its local stock exchange. In doing so, Dubai is bucking the trend in the region of governments selling stakes in profitable state entities to the public to raise cash and strengthen and diversify their capital markets. DP World, the world’s ...
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