Carlyle Group explores acquisition of port operations

[norml]

Carlyle Group explores acquisition of port operations

Baltimore Business Journal - 4:29 PM EST Fridayby Ben Hammer


Private equity firm The Carlyle Group established a team to acquire public-purpose facilities such as ports a day after a United Arab Emirates company said it would transfer newly acquired operations at American ports to a U.S. organization.

Washington, D.C.-based Carlyle Group announced an eight-person team would invest in public-purpose infrastructure projects such as ports, transportation and water facilities, airports, bridges and stadiums. The team will begin work March 13.

The new infrastructure team had been planned for six months, but the Carlyle Group decided Thursday to launch it.

DP World, a company owned by the United Arab Emirates, acquired a British company that manages operations at six U.S. ports, but the House Appropriations Committee voted 62-2 on March 8 to prevent it from taking control of the ports.

DP World will transfer the operations to a "U.S. entity," Sen. John Warner, R-Va., said Thursday.

The Carlyle Group, however, doesn't want to be that entity, says spokesman Chris Ullman. "We have zero interest in that deal, and we will continue to have no interest."


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http://www.bizjournals.com/baltimore/stories/2006/03/06/daily34.html

[Atman]

1. As bad as, or worse, than if Halliburton got 'em

Once again, America's been snookered by the 21st Century Nazis of the BFEE.

[rfranklin]

2. They are just doing it under their own name this time...

It was always a Bush Crime Family project.

[MADem]

3. Well, this is CONVENIENT as all get-out!!!

Washington, D.C.-based Carlyle Group announced an eight-person team would invest in public-purpose infrastructure projects such as ports, transportation and water facilities, airports, bridges and stadiums. The team will begin work March 13.

Remember that recent Supremes decision, where a municipality could just take your home if some private entity wanted to do a "public purpose" project, anything from a mall to a hotel to a stadium or a parking garage???

I guess the trick is not to live anywhere near where these bastards want to build something...

I hate to think it's a contrived plan, but damn, ya gotta wonder sometimes.

[leesa]

4. Ahhh... the UAE 9-11 accomplices unite again! It's like old home week!

The Bushes and the bin Ladens can come full circle.