DP World agrees to buy P&O
Dubai Ports World, the state-backed ports operator, have agreed to acquire P&O for £3.3bn.
Dubai Ports World, the state-backed ports operator, have agreed to acquire P&O for £3.3bn.
P&O, the UK’s largest ports and ferries operator has received an approach from Dubai Ports World that could value the company at £3bn.
Britain’s largest ports and ferries operator, P&O, has received an approach from Middle Eastern rival Dubai Ports World (DPW). The move was announced yesterday and could value the company at £3Bn.
Historically, the technical breakthrough in intermodal freight transport came with the invention of the modern container (a steel box of a standard size, measured in 20ft equivalent units known as TEUs) by Malcolm Maclean in the 1960s.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.