Abu Dhabi's Port offer still 'on table'

Sun, Mar 27th 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The offer to acquire the Grand Bahama Port Authority (GBPA) by an investment vehicle linked to the Abu Dhabi Royal Family remains on the table but talks appear to be going nowhere fast, sources close to the situation have revealed to Tribune Business, with the price offered - and the one sought by the two shareholder families - some way apart. Freeport was a crowded town last week, with many of the principal players in the potential deal present in the city for one reason or another, with sources suggesting that - at one point at least - the Abu Dhabi offer was not just for the GBPA but for some, or all, of Hutchison Whampoa's Freeport assets, too.
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