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December 12, 2006

Dubai port operator sells U.S. division

NEW YORK (AP) — As promised in a compromise with the U.S. Congress, a ports operator in the United Arab Emirates has sold off a division that manages U.S. ports.

New York-based American International Group Inc., one of the world's largest insurance companies, announced Monday that its Global Investment Group has reached an agreement to purchase P&O Ports North America.


 
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