We Help Companies Find New Sales Opportunities
P&O, the container ports and ferries group, has accepted a £3.3bn takeover offer from DP World of Dubai.
P&O is to sell its cold logistics business, including storage and trucking operations in the US, Argentina, Australia and New Zealand, to Versacold of Canada for £183m.
P&O has secured conditional approval from the government to build a £1.4bn container terminal in Thurrock on the Thames Estuary by 2008, including a business park for logistics companies.
P&O Ferries is to employ up to 200 Portuguese workers for seasonal jobs on its Portsmouth-based ferries this year.
P&O is to invest £800m expanding the port of Qingdao in China over the next six years, in partnership with Maersk and a number of local companies.
P&O is to sell its routes and vessels at the ports of Liverpool, Fleetwood and Dublin to Stena Line, and its recently-opened terminal at the port of Mostyn will close with the loss of 26 jobs.
P&O is forming a joint venture with CMA-CGM to acquire an 80% stake in Egis Ports, the French container terminal operator, for about £35m.
P&O Nedlloyd has acquired a majority stake in Gilbert Companies, the US logistics company, for undisclosed terms.
P&O Cruises has confirmed plans to leave its London base and concentrate all operations in Southampton, which will involve the expansion of the Richmond House and Dukes Keep premises in Southampton.
P&O is planning to invest £1bn in its container ports business over the next five years, including projects in Europe, Asia and the US.
P&O Cruises is to create a further 150 jobs at its call centre and customer service operation in Southampton.
P&O has sold a 50% stake in Associated Bulk Carriers, which includes a fleet of 22 dry cargo vessels, to Eurotower Holdings for £68m in cash.
P&O has won planning permission to set up a new ferry terminal at Liverpool docks.
P&O Cruises is to set up a call centre in Southampton in December with the creation of up to 100 jobs, and further departments will be moved from London next year.
P&O is to acquire the refrigerated logistics business of Swift Armour in Argentina for £14m.
P&O is set to create 100 jobs at Doncaster Railport by opening a new warehouse and office building next summer, in order to offer storage, packaging and distribution services from the site.
P&O has announced plans for the development of a £100m container port at a former Shell refinery in Thurrock, Essex, which will create up to 10,000 jobs.
P&O has sold Quantum Publishing to a management buy-out for £20m, and the business will be renamed Quantum Business Group.
P&O is acquiring Festival Cruises, the operator of four cruise ships with a Europe-wide sales network, for £260m.
P&O has ordered two new cruise ships from Mitsubishi Heavy Industries for a total £560m, as part of a strategy to double the capacity of its fleet and expand its US-based Princess brand into the Caribbean.
P&O is planning to develop a new terminal and logistics centre at Duisburg in Germany, and has also announced the acquisition of the Seaport Terminal container and general cargo business in Antwerp, Belgium.
P&O is planning to redevelop the Shell Haven refinery in Essex as one of the country's largest container terminals, with the creation of an unspecified number of jobs.
P&O is planning to invest £2.8bn to double its cruise capacity by 2004.
P&O is selling its Bovis construction business to Lend Lease of Australia for £285m, having decided not to proceed with plans for a flotation.
P&O has sold the Earl's Court and Olympia exhibition halls in London to the owners of the Business Design Centre and the Candover buy-out fund for £183m.
P&O has sold its Australian services businesses to Eurest and Spotless Services for a total £120m, in order to focus on ports and ferries.
P&O is selling Laing Property of Canada to Cambridge Shopping Centres for £206m, and is now looking to float its Bovis construction business and sell its Earl's Court Olympia exhibitions business.
P&O is acquiring International Terminal Operating, the US port services and stevedores business, for £50m, and will use it as a platform for further expansion in North America.
P&O Nedlloyd has bought the Blue Star Line container shipping company from the Vestey Group for £60m.
P&O of the UK and Royal Nedlloyd of the Netherlands are to merge their container activities to create a new company with 8,000 staff and 112 container ships.