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Marine Log

March 7, 2006

Court move to block DP World takeover fails

Britain's Court of Appeal yesterday day heard and rejected EllerŐs application for permission to appeal against the CourtŐs decision to sanction the acquisition of P&O by Dubai Ports World.

The takeover plan now becomes effective tomorrow and P&O's stock will be delisted from the London, Tokyo and Australian stock exchanges on Thursday.

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