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DP World sale go-ahead
- United Arab Emirates: Sunday, February 18 - 2007 at 08:06
DP World's sale of its US ports assets to AIG is back on after an agreement was reached concerning the payment of transfer fees to the Port Authority of New York and New Jersey, reported Gulf News. The authority had demanded a payment of $84m which had jeopardised the deal but a compromise has been reached and AIG will fund $50m worth of infrastructure improvements at the Port Newark container terminal.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 18 - 2007 at 08:06 UAE local time (GMT+4)
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