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Dubai World Ports Delays US-part Of P&O Deal

Sat Feb 25, 2006 5:06 am

Dubai Ports World, set to take control of six US ports is to delay part of the deal .... . DPW had been set to take over ports from New York to New Orleans by buying UK firm P&O.
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DP World's decision to delay the US part of the P&O takeover will be welcomed
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Six of the largest US ports - New York, New Jersey, Philadelphia, Baltimore, New Orleans and Miami - are currently run by British ports and shipping firm P&O, which has agreed a $6.8bn (£3.9bn) takeover by DP World.
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More details can be found under :
http://news.bbc.co.uk/go/pr/fr/-/1/hi/world/americas/4744086.stm
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In order to save the P&O takeover DPW apparently is ready to compromise about the USA-related part of the deal. Whatever results in the end, the USA-related part of P&O now quite obviously gets separated. I expect a new company, possibly with "Canadian" nationality to be established.

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