1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198 
P&O i s new owner promises
16th February 2006, Page 17
16th February 2006
Page 17
Page 17, 16th February 2006
— P&O
i
s new owner promises
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
to retain its historic name
THE BATTLE TO take over transport group P&O came to an end this week when shareholders approved a I5.20/share offer from Dubai Ports World (DPW).
DPW's rival in the competition to take over P&O was PSA International, which is owned by the Singapore government's holding company,Temasek.
PSA had offered 14.70p/share before DPW raised its offer, but last week withdrew from the takeoverbidding.
The takeover is set to create the world's third biggest port operator, with a combined operation extending to 31 terminals in 30 countries.
DPW says it will keep the P&O business separate so the historic name will survive. Founded in 1837. P&O has three divisions: ferries, ports and logistics.
Tags
Organisations:
Singapore government