P&O sells cold logistics business

P&O today confirmed the sale of its cold logistics business for £183m (€268m) as it continued to weigh up a multi-billion pound takeover approach.

P&O sells cold logistics business
Wed, 02 Nov, 2005 - 07:24

P&O today confirmed the sale of its cold logistics business for £183m (€268m) as it continued to weigh up a multi-billion pound takeover approach.

The ports and ferries operator – which received a bid approach at the weekend from a party thought to be Dubai Ports World (DPW) – struck the deal with Canada’s Versacold Holdings.

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CourtsBusinessHeathrowPlace: DubaiPlace: CanadaPlace: United StatesPlace: AustraliaPlace: New ZealandPlace: ArgentinaPlace: UKPlace: DenmarkPlace: SouthamptonPlace: TilburyPlace: English ChannelPlace: Irish SeaPlace: North SeaPerson: Robert WoodsOrganisation: P&OOrganisation: DPWOrganisation: Versacold HoldingsOrganisation: P&O Cold LogisticsOrganisation: VersacoldOrganisation: The Peninsular and Oriental Steam Navigation CompanyOrganisation: AP Moeller-MaerskOrganisation: Honk KongOrganisation: P&O FerriesOrganisation: Dubai Ports, Customs and Free Zone AuthorityOrganisation: Financial Times
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