P&O poised for Arab takeover

Ports and ferries business P&O agreed to end 168 years of independence today by backing a £3.3bn (€4.8bn) takeover by Dubai’s DP World.

P&O poised for Arab takeover
Tue, 29 Nov, 2005 - 07:56

Ports and ferries business P&O agreed to end 168 years of independence today by backing a £3.3bn (€4.8bn) takeover by Dubai’s DP World.

The owner of the iconic shipping brand, which has been in the bid spotlight since receiving an approach in October, has given its support to a proposed deal that will create one of the world’s top three port operators.

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CourtsBusinessHeathrowPlace: DubaiPlace: United Arab EmiratesPlace: LondonPlace: DenmarkPlace: UKPlace: FrancePlace: BelgiumPlace: NetherlandsPlace: IrelandPlace: SpainOrganisation: P&OOrganisation: DP WorldOrganisation: P&O.Organisation: TemasekOrganisation: Port of Singapore AuthorityOrganisation: Hutchison PortsOrganisation: AP Moller-Maersk
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