Independent journal on economy and transport policy
01:21 GMT+2
P&O sells Canadian subsidiary for £206m
(Financial Times)
August 20, 1999
Peninsular and Oriental Steam Navigation Company yesterday took a further step towards focusing on its core shipping interests by selling Laing Property Corporation, its Canadian subsidiary, to Cambridge Shopping Centres for about CDollars 500m (£206m).
The sale - in line with expectations - is the largest since the group announced a £2bn disposal ...... Read more on Financial Times
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