DP World returns to full state ownership, takes on $8.1 billion debt
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DUBAI (Reuters) - Dubai is to take full control of port operator DP World in a deal with a $13.9 billion (10.69 billion pounds) valuation that will help the company at the centre of the emirate's 2009 debt crisis to repay some of its borrowings. DP World, which operates ports around the world from Hong Kong to Buenos Aires, will take on $8.1 billion in debt to finance the deal in which Port and Free Zone World, part of state investment vehicle Dubai World, will acquire the 19.55% of Nasdaq..