DP World owner refinances

Port & Free Zone World, the direct owner of London-listed ports operator DP World, has signed an $850m (£544m) loan refinancing, the latter said in a statement yesterday. The loans are secured in part against some shares in DP World, the firm said. Sources said that the five-year loan had been signed by 15 banks and was almost evenly split between conventional and sharia-compliant tranches.