View Full Version : P&O
29th November 2005, 14:22
I see P&O Ports has accepted offer from Dubai Ports World in an offer to good to refuse as stated by P&O.
29th November 2005, 23:57
Watch this space:: Will Maersk take over the P&O Ferries that are left??? under the guise of Norfolk Line?? I wonder!
30th November 2005, 00:08
How the mighty have fallen
30th November 2005, 20:35
After Nedlloyd, is P&O also selling her silverware?
P&O agrees bid from Dubai Ports
The ports and ferries group P&O has agreed to its acquisition by Dubai Ports World (UAE) in a takeover deal worth GBP 3.3 billion (USD 5.7 billion). P&O said that Dubai Ports (DP World) had offered GBP 4.43 per share in cash for the company. In October, P&O announced that it had been approached by a potential bidder and speculation mounted that Dubai Ports was behind the talks. The takeover signals the end of 168 years of independence for the world's fourth-largest ports group. DP World, owned by the Dubai government, said it planned to keep P&O's headquarters in London (Great Britain) and chief executive Robert Woods would continue to head the business.
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