DP World has become the first Middle Eastern company to appoint corporate brokers, after the Dubai-listed company hired Citigroup and Deutsche Bank to act as its eyes and ears in the market.
Merrill Lynch, one of the top corporate brokers in London and a lead bookrunner on DP Worldâs November $5bn (â¬3.4bn) listing on the Dubai International Financial Exchange, missed out on the mandate despite pitching for it, according to sources close to the bank.
