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DP World linked to bid
- United Arab Emirates: Saturday, May 06 - 2006 at 11:27
Dubai Ports World has been linked to a cash bid by Macquarie Bank for Patrick Corp, Australia's largest ports operator, according to Reuters, citing a report in The Financial Review newspaper. Patrick has previously agreed a $4.5bn deal with logistics firm Toll. Macquarie's as yet unknown partners could either be DP World or firms from the Far East.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 06 - 2006 at 11:27 UAE local time (GMT+4)
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