Still for Sale

Leach, Peter T.
May 2006
Traffic World;5/22/2006, Vol. 270 Issue 21, p38
Trade Publication
The article reports on the plan to sell five P&O Port-run terminals and stevedoring operations at more than a dozen other ports is moving slowly in the United States. The offering price of P&O Port's U.S. operations is $500 million. The activities of the company in the Americas earned profits on ordinary activities of $29.6 million in 2004, or about 10 percent of worldwide profits of $281.5 million. The negotiations for the sale will probably take until September 2006.


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