Independent journal on economy and transport policy
01:21 GMT+2
P&O to float Bovis sooner than expected
(Financial Times)
September 15, 1999
Transport £2bn disposals programme accelerated
Peninsular and Oriental Steam Navigation Company is to float its Bovis construction arm next month, six months earlier than expected. The move is part of an accelerated disposal of P&O's non-shipping activities.
Bovis is expected to be valued at £300m-£350m even though the construction sector ...... Read more on Financial Times
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