P&O Nedlloyd Container Line listed separately

Ed Richardson
P&O HAS announced that the P&O Nedlloyd Container Line is being listed separately on the Amsterdam Stock Exchange.
Announcing the decision earlier this year, Lord Sterling, chairman of P&O said: “This transaction achieves P&O’s key strategic objective and is good news for our stockholders. It is also good news for P&O Nedlloyd which will be able to use its new independence to reinforce its position as one of the world’s leading container shipping companies.”
The company says “PONL will benefit from increased strategic and financial flexibility to grow and develop its position as one of the leading global container shipping companies.
“The management team - led by recently appointed CEO Philip Green - will be able to focus on positioning the company to capitalise on the current upswing in the container shipping industry cycle.”
Under the new corporate and new management structure, Royal P&O Nedlloyd has consolidated PONL as a 100% subsidiary. PONL will continue to operate using its existing trade name ‘P&O Nedlloyd’.
The transaction will have “no impact on PONL’s business, its employees or its day-to-day operations and services provided to its customers,” the company adds.
Royal P&O Nedlloyd will have its headquarters in Rotterdam.