DP World delisting addresses investor disconnect, but debt action and deleveraging is demanded
DP World is delisting to focus on its medium-to-long-term strategy of becoming ‘the world’s leading logistics provider’, and argues that the demands of the public market for short-term returns are incompatible with this industry. But that’s only part of the story
The path back to full state ownership will see DP World take on an additional $8.1bn in debt as Dubai continues to feel the repercussions of the emirate’s 2009 debt crisis