New CEO for P&O Ferries; court clears takeover – 02/03/06

UK. P&O has had its £3.9 billion (US$6.8 billion) takeover by Dubai Ports World approved by a High Court judge in London.

The DP World bid had faced opposition in the US, where P&O runs ports at key cities including Miami and New York.

In other news, Helen Deeble is to succeed Russ Peters as CEO of P&O Ferries at the end of April.

Peters will also step down as a P&O main Board Director at the same time.

Deeble is currently Chief Operating Officer of P&O Ferries.

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