Dubai ports firm holds off on London stock listing

[June 28, 2010]  DUBAI, United Arab Emirates (AP) -- Dubai's global port operator says it is delaying plans to raise cash by listing its shares on the London Stock Exchange.

DP World said in a regulatory filing Monday that it remains committed to pursuing the plan, but is waiting until "an acceptable system" is in place to support a secondary listing.

The company already lists its shares on the Nasdaq Dubai stock exchange.

It says it likely won't be able to pursue the London listing until at least next year.

DP World is one of the world's biggest seaport operators. It is part of the deeply indebted state conglomerate Dubai World.

[Associated Press]

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