Dubai DP World in Talks to Sell Minority Stake

DUBAI,(Reuters) – Dubai-based DP World said on Sunday it was in discussions with a regional private equity firm to sell a minority stake after receiving an offer.

Dubai World is in discussions with a private equity firm which “may or may not result in a transaction”, DP World said in a statement on Nasdaq Dubai.

The sale would largely come from free float, it added.

Its shares jumped 5.6 percent in early trading.