No deal during 2006 generated more copy, more hot air or more political posturing than the DP World and P&O Ports transactions. We intend to continue the process by giving that deal from start to finish our Deal of the Year Award.
Not in fact because of all the hot air and political caterwauling, but because in its entirety it reflects value creation, strong management, investment banking skill, strategic investor confidence and perseverance. Taken as a whole this enormous deal broke new ground for which every participant and deserves recognition.
As a marine finance journal and for the sake of the Award, we recognized that no deal was more public, bigger, politically sensitive and therefore more challenging than DP World’s acquisition of P&O and subsequent announcement of the pending sale of P&O Ports North America to AIG Global Investment Group.
This is only an excerpt of Deal of the Year – DP World and P&O Ports
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