Articles

Affichage des articles du novembre 22, 2006

CMA CGM wants in on DP World’s US terminals

____ Selon http://www.eyefortransport.com/ CMA CGM wants in on DP World’s US terminals French shipping giant CMA CGM has formed a consortium led by US-based Morgan Stanley to bid for the US-based assets that DP World acquired in the P&O Ports deal. (11/22/2006) Earlier this year, DP World ditched its plans to manage the acquired operations at the US ports, following a political storm that inspired two New York and New Jersey senators to push for legislation to prevent foreign government-controlled companies from buying US port operations. The five US ports are up for grabs, with final bids due in the end of this month. Other bidders include Seattle-based Stevedoring Services of America (SSA) Marine, and private equity firm Carlyle Group. After withdrawing from a bidding war with DP World in February over P&O Ports, PSA hasn’t bothered submitting an offer for the ports this time round. Meanwhile, reports have surfaced of a warrant for the arrest of CMA CGM chairman Jacques Saadé

TNT repurchases 18.2 million shares from the State of the Netherlands

Communiqué officiel du groupe TNT TNT repurchases 18.2 million shares from the State of the Netherlands 21 November 2006 - Amsterdam, Today the State of the Netherlands announces it is selling all of its shares in TNT; 27.8 million ordinary shares to Citibank and UBS and 18.2 million ordinary shares to TNT. The repurchase by TNT represents a total consideration of nearly € 600 million and 4.3 % of TNT’s outstanding ordinary share capital. The total sale by the State represents approximately 10.9 % of TNT’s outstanding ordinary share capital reducing the holding of the State of the Netherlands in TNT to nil. Today’s repurchase by TNT is made part of the share buy back program that TNT announced on 6 November 2006. As a result of today’s transaction the total amount of the shares bought back until and including 20 November 2006 amounts to around 70 % of the announced € 1 billion buy back. TNT intends to cancel all of the shares repurchased.