Dubai Ports World Now Control 23 US Ports 'til, at the earliest, Next Year [View All]

[elehhhhna]

The deal went through. It's 23 Ports, not 6 as widely reported. Haven't you wondered what happened...why no further news coverage? I have. Here's an update, dated July 23:


DP World had said it would take up to six months to identify a buyer. Four months into that time frame, the company sent a brief information sheet to prospective buyers last week. Potential buyers must adhere to a confidentiality agreement to see more detailed financial data. The newest information outlines its U.S. holdings, which includes contracts at the port of Baltimore and 22 others on the East and Gulf coasts. It said 2005 income was $39 million before taxes, interest, depreciation and amortization on revenue of $447 million.

http://www.baltimoresun.com/business/bal-bz.dubai23jul23,0,4956619.story?coll=bal-business-headlines