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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 257.00

Bid: 254.00

Ask: 256.00

Change: -2.00 (-0.77%)

Spread: 2.00 (0.787%)

Open: 260.00

High: 260.00

Low: 254.00

Prev. Close: 259.00

GPH Live Price

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Global Ports Holding shares tumble 17% after takeover talks fail

Tue, 12th Jul 2022 13:57

(Alliance News) - Global Ports Holding PLC and Mediterranean Shipping Co SA's subsidiary SAS Shipping Agencies Services SARL on Tuesday announced that talks about a potential takeover of Global Ports by SAS have failed.

The three companies provided no reason.

"The board of GPH is wholly committed to the successful execution of our long-term strategy to grow the business and create value for all shareholders while providing industry-leading investment and service levels at our cruise ports for the benefit of all stakeholders," said Global Ports Co-Founder, Chief Executive & Chair Mehmet Kutman.

Global Ports shares fell 17% to 94.10 pence each in London on Tuesday afternoon.

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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26 Oct 2020 19:03

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Revenue rises while earnings slip at Global Ports

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(Sharecast News) - Smith & Nephew: Citigroup downgrades to neutral with a target price of 1,700p.

9 Apr 2020 16:09

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Global Ports Halts Dividend For 2019 Amid Covid-19 Uncertainty

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Global Ports suspends dividend as coronavirus threatens trade

(Sharecast News) - Global Ports Holding has suspended its 2019 dividend, blaming uncertainty about the prospects for global trade caused by the coronavirus outbreak.