P&O to 'sell cold storage division for £200m'

Ports and ferries group P&O was today reported to be preparing for the £200m (€291m) auction of its refrigerated warehousing division, Cold Logistics.

The 49-year-old business is not thought to be core to P&O, following a major restructuring that recently saw it sell its 25% stake in container shipping line P&O Nedlloyd and carry out refinancing.