Dubai is set to delist the state-controlled port operator DP World.
DP World and its majority owner, Port and Free Zone World, on Monday offered to pay a 29% premium to acquire the 19.5% required to take it private.
As part of the deal PFZW will pay $5.15bn to its parent, Dubai World, to help repay debt to bank lenders.
DP World operates in 50 countries and said that going private would allow it to take a longer-term view on the ports and logistics business.
