ABP Takeover Bid
Following the announcement on 29 March 2006 that Associated British Ports Holdings PLC (ABPH) had received a non-binding proposal from a consortium comprising Borealis Infrastructure Management Inc. an investment vehicle directed by GIC Special Investments Pte Ltd and Goldman Sachs International (the Consortium), ABPH has now announced that it has received a revised non-binding proposal at 810 pence in cash per ordinary share from the Consortium. The Board has agreed to grant the Consortium a limited period to undertake confirmatory due diligence. A further announcement will be made as and when appropriate.
Earlier this month, Mayor of London Ken Livingstone welcomed the boost to London’s boatyard capacity, saying ‘I want to see an increase in the use of the river Thames to transport passengers and freight as well as for tourist and recreational uses.
MJInformation No: 21991
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