DP World to List on FTSE 100

26 January 2010 (Last Updated January 26th, 2010 18:30)

Dubai-based DP World said it will join the Financial Times Stock Exchange Index (FTSE) 100 by June, despite its listing in Dubai plunging by 40%. DP World, which is 80%-owned by Dubai World, said in a statement that the Dubai Government has given assurances that it will not be affecte

Dubai-based DP World said it will join the Financial Times Stock Exchange Index (FTSE) 100 by June, despite its listing in Dubai plunging by 40%.

DP World, which is 80%-owned by Dubai World, said in a statement that the Dubai Government has given assurances that it will not be affected by Dubai World’s financial crisis.

The company said its volume decline was not as bad as industry-wide levels, which were down 12%.

The FTSE Index comprises 100 highly capitalised UK companies trading on the London Stock Exchange and the entry level to the list is a market value of £2.5bn to £3bn.