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Written question asked by Lord Mason of Barnsley (Labour), in the House of Lords. It was answered by Lord Davies of Oldham (Labour) on Wednesday, 15 March 2006.


Shipping: P&O Takeover

Question
Whether they have made an assessment of the possible impact on British ports and seaport terminals of the takeover of P&O by Dubai Ports World; and, if so, whether they will hold discussions with the parties concerned.
Answer

The Office of Fair Trading announced on 3 February its assessment that it did not believe that the then anticipated acquisition of P&O by DP World would result in a significant reduction of competition in the relevant markets. With respect to other considerations, a change in ownership of a port or terminal does not affect the port authority’s responsibility to meet its obligations.


Secondary information

Type
Written question
Reference
4493; 679 c241WA
Session
2005-06
Subjects
Takeovers P&O DP World
Link
View this Written question on www.publications.parliament.uk