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P&O sails away from container shipping

Ports and ferries group P&O ended its interest in container shipping today when it raised £378m (€569.8m) from the sale of its stake in Royal P&O Nedlloyd.

P&O sails away from container shipping

Wed, 29 Jun, 2005 - 10:00

Ports and ferries group P&O ended its interest in container shipping today when it raised £378m (€569.8m) from the sale of its stake in Royal P&O Nedlloyd.

The 25% holding is to be snapped up by AP Moeller-Maersk as part of its £1.5bn (€2.3bn) takeover of the world’s fourth largest provider of container shipping.

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Courts Business Heathrow Place: Europe Place: United States Place: UK Organisation: P&O Organisation: Royal P&O Nedlloyd Organisation: AP Moeller-Maersk Organisation: Overseas Containers Limited Organisation: P&O Containers Organisation: Nedlloyd Lines Organisation: P&O Nedlloyd Organisation: Maersk

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