http://abcnews.go.com/Politics/print?id=1720851DP World: No Plan to Sell Miami Port Ops
Dubai-Owned Company Has No Immediate Plans to Sell Interests at Miami's Seaport, Executive Says
The Dubai-owned company that promised to surrender its U.S. port operations has no immediate plans to sell its U.S. subsidiary's interests at Miami's seaport, a senior executive wrote Monday in a private e-mail to business associates.
Even if DP World were to sell its Miami operations to quell the congressional furor over an Arab-owned company managing major U.S. ports, "that would probably take a while," wrote Robert Scavone, a vice president for DP World's U.S. subsidiary.
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Scavone told AP in an interview that his e-mail was intended to reassure officials at the Port of Miami Terminal Operating Co. which manages operations there and is half-owned by a DP World subsidiary that uncertainty surrounding the Dubai ports deal would not affect its work in Miami.
"As for the 'pending situation,' I myself am not aware of anything about it that would alter the ownership of POMTOC, so unless one or both of our esteemed partners have separately advised you that they plan to sell their interests, you should assume for your own purposes of managing the company that ownership of POMTOC is not going to change," Scavone wrote.
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