DP World has announced plans for a $20bn (£9.7bn) flotation on the Dubai stock exchange.
The owner of P&O will sell a 20% stake to global financial institutions and individual local investors in a bid to raise an expected $4bn.
DP World claims it will double its shipping capacity in ten years through key expansion schemes. These include development of the London Gateway terminal.
22/10/07 Financial Times 21 Times 38 Daily Telegraph B2 Guardian 25 Independent 40
