16 September 2009
Port operator DP World said yesterday it is not involved in talks over a potential sale of a stake, and talks between its parent company Dubai World and a private equity player were no longer ongoing.

"The board of DP World would like to reiterate previous statements that they have not been involved in any discussions in relation to a potential sale of a stake in the company," the Dubai-based firm said in a statement on Nasdaq Dubai's bourse.

"DP World has now been advised by Dubai World that these discussions are no longer ongoing," it added.

The statement followed a media report that the Dubai-based private equity firm Abraaj Capital was in talks to buy a stake.

© 7Days 2009