Dubai Ports completes deal, US ports held separate

[kpete]

Dubai Ports completes deal, US ports held separate
Thu Mar 9, 2006 11:53 AM ET


WASHINGTON (Reuters) - A state-owned Arab company, Dubai Ports World, said on Thursday it had completed its acquisition of Britain-based P&O but would hold U.S. port management operations "separate" while a U.S. security review of the contract is carried out.

"DP World is pleased to announce that it has completed the acquisition of P&O," it said in a statement.

"A review of our operations in the United States continues, and we look forward to a timely resolution of any issues," said the company's chief executive Mohammad Sharaf. "We will continue to hold our U.S. operations separate while this process continues," he said.

The Bush administration, which approved the DP World deal in January, is conducting another review after a firestorm of criticism from Congress that the contract could threaten national security at six major U.S. ports.

http://today.reuters.com/news/newsArticle.aspx?type=newsOne&storyID=2006-03-09T165319Z_01_N09180740_RTRUKOC_0_US-SECURITY-PORTS-DEAL.xml

[shance]

1. More lies. More terrorism sponsored by this White House and blamed

on their bought and paid for patsies.

Wake up America.

[Sensitivity]

2. Ports "Firestorm" has more to do with NeoCon/RW tactic to rally base

and hold on to power than anything else. U.S. aspects of the deal only account for 5%.

WARNING: It's not what its being made out to be, folks.