SummaryThe Peninsular and Oriental Steam Navigation Company today
issued 269,153 units of deferred stock at a price of 625p each
to Cavalair Corporation (a company operating in Houston,
Texas) in consideration for the transfer by Cavalair of its
100% shareholding in Fairway Investment Inc. to ITO
Corporation .
The Courier-Express-and Postal Market News (CEP News) has reported that “the Dutch TNT Post Group (TPG) is evidently close to concluding a trend setting co-operation agreement in the European letters market. KEP News has information that the Dutch TPG together with the Schweizerische Post are going to form the joint venture EuroPost Ltd.
Read MoreP&O has conditionally agreed to sell 50% of the shares in its bulk shipping subsidiary Associated Bulk Carriers PLC to Eurotower Holdings SA.
Read MoreAssociated British Ports Holdings PLC (ABPH), the UK’s largest port operator, today announces that it has sold Red Funnel Group, its Southampton-based ferry and towage business, to J.P. Morgan International Capital Corporation for a cash consideration of £71 million.
Read MoreUK logistics and fleet management service provider Isotrak and Finnish on-board computer manufacturer Aplicom agreed last month (Januay 2001) to use each others systems.
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