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Article: AIG Global Investment Group Enters into Agreement to Purchase P&O's U.S. Marine Terminal Operations From DP World.

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PR Newswire
Article date:
December 11, 2006
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DUBAI, United Arab Emirates, and NEW YORK, Dec. 11 /PRNewswire/ -- On December 10, 2006, a member company of AIG Global Investment Group entered into an agreement in Dubai to purchase P&O Ports North America (POPNA) from P&O Holdings, Inc., a wholly-owned subsidiary of global marine terminal operator, DP World for an undisclosed price.

POPNA's operations principally comprise marine terminal concessions in the ports of New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans, coupled with stevedoring operations in 16 locations along the East and Gulf Coasts and a passenger terminal in New York City.

AIG Global Investment Group Managing ...

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