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.