Certain port operations in certain locations recognized the potential years ago, and embarked on acquisitions.
P&O will allow PSA to spread its business across a large number of ports and countries.
It's not about planting flags in as many places as you can. It's about owning successful terminals in as many places as you can.
It's an all-or-nothing business. You have to go after it in a big way or not at all.
The logic of PSA bidding is sensible. PSA is still very dependent on Singapore and P&O at a stroke radically changes that.
P&O is significant for both Singapore and Dubai. Its acquisition will increase their business activity in large amounts in one go.
Around half of all new legislation that impacts on business derives from rules agreed by governments at the EU level.
P&O had an obligation to their shareholders. An offer came in which was too attractive to turn down.
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