AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
DP World expects P'O deal approval.
(From Lloyds List)
Byline: Controversial acquisition set to be endorsed tomorrow, writes Christopher Mayer in Dubai
DUBAI-headquartered port operator DP World is confident that its $6.5bn purchase of the UK's P'O will be endorsed by March 2, despite being delayed by a petition against the deal by a Miami-based firm in the High Court in London.
Court approval had been considered a formality despite port security concerns in the US until Eller, a joint venture partner of P'O, filed the writ in London on Monday.
DP World had earlier addressed US security concerns when it announced that it intended to isolate P'O's US assets held through P'O's wholly owned US subsidiary P'O Ports North America.
'There has been misconception about our role. We do not intend to embark on a major management restructure nor impact on security. We are a commercial operator and will respond to requirements to create a global network of ports,' DP World vice-chairman Jamal Majid Bin Thaniah told Lloyd's List yesterday.
'Members of the US Congress and US citizens should understand that DP World is a commercial organisation with economic ambitions. We will use the 45-day US national security review of the deal to explain our position fully. A high-level team from Dubai with legal and public ...
- Temasek puts pressure on DP World's P'O bid.
- News wire article from: Europe Intelligence Wire December 15, 2005 700+ words
...container shipping sector from DP World vice chairman Jamal Majid Bin Thaniah provide an insight into why DP World has chosen acquisition as one...areas of high volume,' Mr Bin Thaniah says. Last month, DP World signed an agreement with the...
- DP World eyes Estonia base to handle Russian cargo.
- News wire article from: Europe Intelligence Wire February 28, 2007 700+ words
...GLOBAL ports giant DP World is actively assessing...consumer market. DP World vice-chairman Jamal Majid bin Thaniah, in Tallinn yesterday...market,' said Mr Bin Thaniah. 'This will be...liberalisation.' The DP World chief's meeting...
- Next stop Egypt for DP World.(BUSINESS FINANCE)(Company overview)
- Magazine article from: The Middle East Ford, Neil April 1, 2008 700+ words
...year. Dubai reports predict DP World will now invest a further $1...executive vice chairman of DP World, Jamal Majid bin Thaniah, said: "Sokhna is well located...over the past five years." DP World and SPDC hope to take advantage...
- New price benchmark bodes well for DP World asset sale plans.
- News wire article from: Europe Intelligence Wire November 27, 2006 700+ words
...level. With than in mind, 'DP World's sale price will be a big...line with public statements from DP World. Jamal Majid Bin Thaniah, group chief executive of Dubai...Zone Authority, which includes DP World, told Lloyd's List a few weeks...
- Dubai-based DP World to invest $500 million in India.
- News wire article from: PTI - The Press Trust of India Ltd. October 29, 2007 700+ words
Dubai-based DP World to invest $500 million in India...Oct 29 (PTI) Port operators DP World today announced it will be investing...CEO of Port and Free Zone World, DP World, Jamal Majid Bin Thaniah, told PTI here. The official is...
- DP World targets Algiers.(ALGERIA)(Dubai Ports World)(Brief article)
- Magazine article from: MEED Middle East Economic Digest August 10, 2007 700+ words
DP World is in negotiations with the Algerian Transportation and Investment...Promotion ministries over the privatisatiOn of the country's ports. DP World president Jamal bin Thaniah said on 5 Augustthat a partnership agreement covering the privatisation...
- DP World plans to expand network of marine terminals around the world.
- Magazine article from: Shipping Digest December 31, 2007 700+ words
...million by 2017. DP World has 42 terminals...world. Jamal Majud Bin Thaniah, executive vice chairman of DP World and group chief...over $1 billion. Bin Thaniah said the P&...been a good one for DP World, and has had more...
- DP World expands into Vietnam.
- Newspaper article from: Gulf News June 8, 2006 700+ words
...project is an 80:20 venture between DP World-owned P&O Ports and Vietnam...attended by Sultan Ahmad Bin Sulayem, DP World Chairman and Executive Chairman...Free Zone Corp, and Jamal Majid Bin Thaniah, DP World vice-chairman and Group CEO of...
- DP World strengthens links with 'valued trading partner' China.
- News wire article from: Europe Intelligence Wire June 2, 2006 700+ words
...months after officials from DP World and Qingdao city government...Du Shincheng, who met DP World officials including vice-chairman Jamal Majid Bin Thaniah and chief executive Mohammed...update of progress on DP World's terminal project which...
- DP World will build container terminal in China.
- Newspaper article from: Gulf News June 14, 2006 700+ words
...joint venture between DP World and China's Tianjin...Terminal. Jamal Majid Bin Thaniah, vice-chairman of DP World and group chief executive...ourselves in China," Bin Thaniah told Gulf News...cry in the US over DP World managing container...