Report: P&O to accept Dubai offer

One of the UK’s oldest shipping firms was today said to be setting sail for foreign shores in a multi-billion pound takeover deal.

Report: P&O to accept Dubai offer
Fri, 25 Nov, 2005 - 14:26

One of the UK’s oldest shipping firms was today said to be setting sail for foreign shores in a multi-billion pound takeover deal.

According to the London Evening Standard, the board of ports and ferries giant P&O was on the verge of accepting a £3.5bn (€5.1bn) offer for the company from Dubai Ports World (DPW).

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