Independent journal on economy and transport policy
08:21 GMT+2
ABP close to selling Red Funnel
(Financial Times)
November 27, 2000
By Andrea Felsted
Associated British Ports, the UK's largest ports group, is close to the sale of Red Funnel Group, the ferry and towage concern, to a financial buyer.
ABP is understood to have entered into exclusive negotiations with a preferred bidder, although another financial buyer is still thought to be interested.
The sale is expected to raise £60m ...... Read more on Financial Times
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