Nearly 40 buyers have expressed interest in acquiring the North American operations of Peninsular and Oriental Steam Navigation Co., an executive with the company said Monday. DP World agreed to sell the North American arm of P&O to U.S. owners after Congress threatened to block the $6.8 billion purchase of P&O's global operations. Mark Montgomery, senior vice president for P&O Ports North America's East Coast operations, said a buyer will be selected in four to six months.
March 29, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Nearly 40 buyers have expressed interest in acquiring the North American operations of Peninsular and Oriental Steam Navigation Co., an executive with the company said Monday.
Mark Montgomery, senior vice president for P&O Ports North America’s East Coast operations, said a buyer will be selected in four to six months.
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