DUBAI (Commodity Online): Shares of DP world, the world’s largest port operator belonging to the state owned Dubai world, will be listed on the London Stock Exchange next week.

The plan has been formulated with a view to increase the shareholder base of the company especially that of institutional investors, said the officials of the company. However, only one fifth of the total shares are on the open market, in spite of its potential to attract larger international investors.

DP World is the third largest port operator, operating with 49 cargo terminals on six continents.

The company had downsized its spending during the troubled times of economic recession, but it is benefitting from the bounce back. Figures showed earnings to have jumped by 22 percent during 2010 to $451.1 million. (Courtesy: AP Officialwire)