Financial Times FT.com

DP World closes in on US asset sale

By Robert Wright in London

Published: September 12 2006 03:00 | Last updated: September 12 2006 03:00

Dubai's DP World will today start a second round of bidding for its US port assets, with Morgan Stanley, Carlyle Group and SSA Marine all among the last fewbidders in the highly-politicised sale.

The three companies are among five or six bidders weeded out from among hundreds of potential buyers thought to have expressed at least some interest in the business, according to aperson familiar with the process.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this