Business
DP World shareholders back EZW buy, London delisting
DP World shareholders back EZW buy, London delisting
The Cap San Lorenzo container ship, operated by Hamburg Sud, is moored to the dock beneath ship to shore cranes during loading operations at DP World’s London Gateway deep-sea port in Stanford-le-Hope, UK. 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 has said. The assent was granted at a meeting on Thursday, as 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.