Singapore group ready for P&O break-up

The Singapore-based group behind the latest approach for UK firm P&O was today said to be in talks with potential buyers ready to participate in the break up of the ports and ferries giant.

PSA International, which is wholly owned by Singapore’s state-run investment company Temasek, is understood to have held talks with a number of operators about selling them P&O assets in the event of a successful takeover.