Dubai World port arm cutting stake in Australia

Dubai World port arm cutting stake in Australia
(AP:DUBAI, United Arab Emirates) Dubai World’s port management arm says it will raise .5 billion by cutting its stake in five Australian ports. The sea cargo handler DP World announced the deal with Citi Infrastructure Investors and another unnamed investor Wednesday.
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Dubai’s DP World port firm to raise .5 billion by selling Australia holdings
DUBAI, United Arab Emirates – DP World, the port management arm of indebted state conglomerate Dubai World, sold the bulk of its Australian
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