Shipping giant agrees takeover

Container shipping group P&O Nedlloyd looked set to be taken over by larger rival Maersk after the pair unveiled a deal worth €2.3bn.

Shipping giant agrees takeover
Wed, 11 May, 2005 - 09:12

Container shipping group P&O Nedlloyd looked set to be taken over by larger rival Maersk after the pair unveiled a deal worth €2.3bn.

London-based P&O Nedlloyd – the world’s fourth largest provider of container shipping services by fleet capacity – will become part of industry heavyweight Maersk if the terms of a deal can be settled in the coming weeks.

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