P&O Accepts Dubai Takeover Bid

There is no expectation of job cuts for P&Os global workforce of 22,000.

The P& O ports and ferries group has agreed to a £ 3.3bn takeover bid from Dubai Ports World (DP World), which is owned by the Dubai government. P& O announced that it had received an unsolicited approach last month, and the ensuing offer of 443 pence per share in ...

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