LONDON (AFX) - Private equity groups Carlyle and SSA Marine have joined forces to bid for P&O's US port business, in order to prevent French shipping group CMA CGM buying up the strategically sensitive assets, weekly magazine The Business reported.
The Business previously reported that CMA has formed a consortium with Morgan Stanley to bid for the assets, thereby breaking an understanding that US ports can only be acquired by American interests. newsdesk@afxnews.com abr COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited