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DP World’s $2.6 Billion Deal Boosts Parent’s Debt Prospects

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DP World Ltd., the operator of ports from China to Peru, agreed to buy an industrial parks company for $2.6 billion in a deal that may help Dubai World pay debt five years after its near default roiled global markets.

Shares of DP World closed 2.7 percent higher in Dubai after the company said in an e-mailed statement it agreed to buy Economic Zones World FZE, which operates the Jebel Ali Free Zone in the emirate. DP World and EZW are both units of Ports & Free Zone World FZE, which is owned by Dubai World.