Why Ports Are Hot Properties
The news that Goldman Sachs is considering buying up Associated British Ports, the $3.5 billion British-based ports-management company, has refocused the spotlight on the big global grab for assets in the little known but vital business of managing container facilities. DP World, the Dubai-based ports operator, caused a furor in the U.S. recently when its deal to purchase P&O Group included the acquisition of operations in several major U.S. ports.
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