Dubai – Mubasher: Trading the shares of DP World on Nasdaq Dubai has been suspended starting Thursday, the Dubai Financial Services Authority (DFSA) disclosed in a recent statement.
The trading suspension will enable the parent company Port and Free Zone World (PFZW) to acquire a 19.55% stake in DP World to restore the company's private ownership.
In February, an agreement was reached between the two parties on the shares’ cash offer at a value of $16.75 per share, representing a 29% premium on the $13 market closing price of the day before the deal announcement.
