Singapore group drops out of P&O takeover race

The battle for control of ports group P&O looked to be over today after the Singapore-based company PSA declined to improve its offer.

Singapore group drops out of P&O takeover race
Fri, 10 Feb, 2006 - 10:20

The battle for control of ports group P&O looked to be over today after the Singapore-based company PSA declined to improve its offer.

The decision effectively handed victory to Dubai Ports World, which sparked the tussle in November when it tabled an approach worth £3.3bn (€4.8bn).

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CourtsBusinessHeathrowPlace: SingaporePlace: Wembley Conference CentrePlace: Abu DhabiPlace: AdelaidePlace: BusanPlace: KoreaPlace: LondonEvent: P&OEvent: Dubai Ports WorldOrganisation: P&OOrganisation: PSAOrganisation: Port of Singapore AuthorityOrganisation: TemasekOrganisation: DP World
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