PD Ports bidder pulls out of running

Australian infrastructure firm Babcock & Brown looked set to land PD Ports today after a rival suitor refused to get involved in a bidding war.

Mon, 19 Dec, 2005 - 09:53

Australian infrastructure firm Babcock & Brown looked set to land PD Ports today after a rival suitor refused to get involved in a bidding war.

In late November the Endeavour Ports consortium tabled a £246m (€361m) offer for the firm, which was backed by the board of PD Ports.

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