• search

Dubai PW ports deal to close by Monday-US official

Written by: Staff

WASHINGTON, Mar 2 (Reuters) Dubai Ports World's 6.85 billion dollar acquisition of Britain's P&O will close tomorrow or Monday, despite an additional 45-day review by the US government in response to security concerns, a US Treasury Department official said today.

''My understanding is that the deal will not close today,'' Deputy Treasury Secretary Robert Kimmitt told a Senate panel.

''Although they had announced March 2 as the closing date ...

that deal will not now close until tomorrow or Monday.'' Kimmitt made his statement in response to a question from lawmakers on the Senate Banking Committee.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more