DP World, the container terminals group controlled by the debt-laden Dubai World, plans to make another attempt in spring at a dual listing on the London Stock Exchange, reported The Daily Telegraph.
The world's fourth-biggest container ports group postponed its plans in June, blaming technical difficulties in merging its home stock exchanges.
Yesterday Yuvraj Narayan, chief financial officer, said the company planned to file for a listing shortly after its financial results next March.
"The balance sheet gets signed in March next year for 2010. Soon thereafter, we shall be filing," he said.
The company, which controls the container operations at Southampton and Tilbury in the UK, is listed on the Emirate's international exchange, Nasdaq Dubai.
In June, it said it could only begin trading its shares in London when "an acceptable system that supports the dual listing is available". That depended on the successful merger of Nasdaq Dubai and Dubai Financial Market, its more liquid, largely retail, equities market.
DP World is one of the key assets of Dubai World, the parent company which is trying to restructure US$23.5 billion of its near $40 billion debts.
Eyebrows were raised in August when it emerged that one option outlined to creditors was the sale of assets, including DP World, to raise $19.4 billion. However, sources said this was a last-ditch option, given Dubai World has always maintained that its ports wing is not for sale.
The world's fourth-biggest container ports group postponed its plans in June, blaming technical difficulties in merging its home stock exchanges.
Yesterday Yuvraj Narayan, chief financial officer, said the company planned to file for a listing shortly after its financial results next March.
"The balance sheet gets signed in March next year for 2010. Soon thereafter, we shall be filing," he said.
The company, which controls the container operations at Southampton and Tilbury in the UK, is listed on the Emirate's international exchange, Nasdaq Dubai.
In June, it said it could only begin trading its shares in London when "an acceptable system that supports the dual listing is available". That depended on the successful merger of Nasdaq Dubai and Dubai Financial Market, its more liquid, largely retail, equities market.
DP World is one of the key assets of Dubai World, the parent company which is trying to restructure US$23.5 billion of its near $40 billion debts.
Eyebrows were raised in August when it emerged that one option outlined to creditors was the sale of assets, including DP World, to raise $19.4 billion. However, sources said this was a last-ditch option, given Dubai World has always maintained that its ports wing is not for sale.