Citi, Deutsche start talks to sell $9 billion Dubai port company debt - sources
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DUBAI (Reuters) - Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion(£6.9 billion) in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday. Dubai announced this week one of its state companies, Port and Free Zone World (PFZW), part of state investment vehicle Dubai World, aims to buy publicly listed shares of port operator DP World in a deal with a $13.9 billion..