AIG Global Investment Group has completed the purchase of 100% of the stock of P&O Ports North America (POPNA) from P&O Holdings, a wholly-owned subsidiary of DP World.
Following the closing of the transaction, the company will operate as Ports America, Inc.
This transaction was previously announced on December 11, 2006.
Ports America’s operations principally comprise marine terminal concessions in the ports of New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans, coupled with stevedoring operations in sixteen locations along the East and Gulf Coasts and a passenger terminal in New York City.
Following the closing of the transaction, the company will operate as Ports America, Inc.
This transaction was previously announced on December 11, 2006.
Ports America’s operations principally comprise marine terminal concessions in the ports of New York/New Jersey, Philadelphia, Baltimore, Miami, Tampa and New Orleans, coupled with stevedoring operations in sixteen locations along the East and Gulf Coasts and a passenger terminal in New York City.