Democratic Underground - Dubai Ports completes sale of controversial US operations

Dubai Ports completes sale of controversial US operations [View All]

TomInTib

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Sat Mar-17-07 09:40 PM
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Dubai Ports completes sale of controversial US operations

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So they sold it to AIGGIG? An investment and financial services firm kinda like Carlyle. I wonder who will be overseeing Port Ops. My bet is DPW.

Saturday, Mar 17

Dubai port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the United States, the official WAM news agency reported Saturday.

The state-owned company said it has finalised on Friday a deal to sell its wholly owned subsidiary P O Ports North American (POPNA) to AIG Global Investment Group.

It did not disclose the price.

An Internet statement said the sale "fulfills the commitment made by DP World last year to sell its US assets to an American buyer."

rest of article:
http://news.yahoo.com/s/afp/20070317/wl_mideast_afp/uaeuseconomycompany

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Dubai Ports completes sale of controversial US operations [View All]