IN DEPTH Abraaj Capital, the Middle Eastern buy-out firm, is in talks to buy a minority stake in DP World, according to people close to the situation, signalling a long-awaited revival in the moribund regional private equity market as wealthy buyers come off the sidelines.
The private equity group’s approach for a stake of at least 15 per cent of the Dubai government-controlled port operator – one of the jewels in the crown of the city state – comes as the government seeks to raise cash to help reduce its debt pile. But the sale could be as much about building confidence in the port operator’s battered share price.
