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28 May 2020 The on-line newspaper devoted to the world of transports 00:10 GMT+2

January 22, 2002

Princess investors fret over veto

by Jim Armitage, Evening Standard

SHAREHOLDERS in P&O Princess fear they would be handing over power of veto for major corporate decisions to the four shipping tycoons who control Royal Caribbean if the companies are merged.

Although the merger proposals would on the surface give Princess shareholders 50.3% of the company, the big four Royal backers would end up with 26.2% of the shares, ......
Read more on Evening Standard


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