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Mon 28 Jun 2010 09:29 AM

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DP World postpones plan to list in London

Dubai port operator's board says it is still committed to London Stock Exchange plan, will look again in 2011.

DP World postpones plan to list in London

The Board of port operator DP World said on Monday that it has decided to postpone its plans to list the company on the London Stock Exchange.

The company said in a statement that the board "remains committed to listing".

"However, the Board has decided to postpone the listing process until an acceptable system that supports the dual listing is available," the statement added.

The company said the next practical window of opportunity to seek admission for listing would be following the publication of audited financial results for the year ending December 31 2010.

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