Independent journal on economy and transport policy
01:35 GMT+2
AIG Deconstructed: Why AIG Owns U.S. Ports
(TheStreet.com)
September 16, 2009
Jeanine Poggi TheStreet.com Staff Reporter
NEW YORK (TheStreet) -- Could the sinking - or at least seriously listing - ship that is American International Group(AIG Quote) take six major U.S. ports down with it?
AIG Global Investment Group, an arm of the insurer, acquired P&O Ports North America in March 2007 from Dubai Ports World. Along with the purchase it gained ownership of six major ports including those in New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans. And New Orleans, it is worth noting, is one of the world's busiest ports ...... Read more on TheStreet.com
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