Dubai Ports World Expands

After acquiring port operations from P&O for $6.8 billion, Dubai Ports World (DPW) faced strong opposition, which forced it to announce it would sell the U.S. assets that were part of the deal. The field of bidders for the U.S. operations, valued at an estimated 10% of the original P&O purchase, has narrowed, but no definitive deal has been struck.