Sale of P&O
Thu, 01/11/2007 - 14:55 — admin
The cash proceeds will be used to reduce Group net debt and are due to be received on completion which is anticipated to be in December 2005. P&O Cold Logistics is estimated to be the third largest cold storage and distribution operator in the world (measured by capacity of refrigerated space). It has over 3,000 employees located across approximately 50 sites in the US, Australia, New Zealand and Argentina. The business provides specialised skills, systems and equipment for temperature controlled logistics for customers in the food industry.