Identifier
Created
Classification
Origin
06DUBAI1451
2006-03-14 11:29:00
CONFIDENTIAL
Consulate Dubai
Cable title:
DPW: ANNOUNCMENT ON "MEDIUM" FOR EFFECTING TRANSFER OF
VZCZCXRO7931 OO RUEHDE DE RUEHDE #1451 0731129 ZNY CCCCC ZZH O R 141129Z MAR 06 FM AMCONSUL DUBAI TO RUEHC/SECSTATE WASHDC IMMEDIATE 9093 INFO RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE RUEHTV/AMEMBASSY TEL AVIV 0003 RUEHJM/AMCONSUL JERUSALEM 0002 RUMICEA/USCENTCOM INTEL CEN MACDILL AFB FL RUEATRS/DEPT OF TREASURY WASHINGTON DC RHEHNSC/NSC WASHINGTON DC RUEHAD/AMEMBASSY ABU DHABI 1356 RUEHDE/AMCONSUL DUBAI 2023
C O N F I D E N T I A L DUBAI 001451
SIPDIS
SIPDIS
DEPT FOR NEA/FO, NEA/ARPI
E.O. 12958: DECL: 3/14/2021
TAGS: PREL EINV PNUC PTER IR IQ IS AE
SUBJECT: DPW: ANNOUNCMENT ON "MEDIUM" FOR EFFECTING TRANSFER OF
CONTROL DUE IN TWO DAYS; DIVESTITURE TO FOLLOW
REF: DUBAI 1446
CLASSIFIED BY: Jason Davis, Consul General, Dubai , UAE.
REASON: 1.4 (b),(d)
C O N F I D E N T I A L DUBAI 001451
SIPDIS
SIPDIS
DEPT FOR NEA/FO, NEA/ARPI
E.O. 12958: DECL: 3/14/2021
TAGS: PREL EINV PNUC PTER IR IQ IS AE
SUBJECT: DPW: ANNOUNCMENT ON "MEDIUM" FOR EFFECTING TRANSFER OF
CONTROL DUE IN TWO DAYS; DIVESTITURE TO FOLLOW
REF: DUBAI 1446
CLASSIFIED BY: Jason Davis, Consul General, Dubai , UAE.
REASON: 1.4 (b),(d)
1. (C) Consul General contacted Dubai Ports World (DPW)
Executive Chairman Sultan bin Sulayim (SBS) March 14 to ask him
to clarify statements he had made earlier (reftel) suggesting
that DPW might be exploring a alternative "basis" (other than
sale to an existing U.S. company) for divesting itself of its
existing North American operations.
2. (C) Initially reluctant to engage again on the topic, SBS
responded only that "we are working on this right now, and
discussing it with Treasury; within the next two days we will
make an announcement defining what it is." Pressed on the
question of whether "it" referred to an entity to which
ownership would be divested, SBS said "no, we are talking about
the 'medium' for transferring CONTROL of North American
operations away from DPW. Once that is accomplished we will
focus on our ultimate goal, which remains complete divestiture
to a company with no links to Dubai." An interim arrangement
was needed because actual sale was "not something you can do in
one day -- even selling a house takes longer than that," SBS
noted.
DAVIS
SIPDIS
SIPDIS
DEPT FOR NEA/FO, NEA/ARPI
E.O. 12958: DECL: 3/14/2021
TAGS: PREL EINV PNUC PTER IR IQ IS AE
SUBJECT: DPW: ANNOUNCMENT ON "MEDIUM" FOR EFFECTING TRANSFER OF
CONTROL DUE IN TWO DAYS; DIVESTITURE TO FOLLOW
REF: DUBAI 1446
CLASSIFIED BY: Jason Davis, Consul General, Dubai , UAE.
REASON: 1.4 (b),(d)
1. (C) Consul General contacted Dubai Ports World (DPW)
Executive Chairman Sultan bin Sulayim (SBS) March 14 to ask him
to clarify statements he had made earlier (reftel) suggesting
that DPW might be exploring a alternative "basis" (other than
sale to an existing U.S. company) for divesting itself of its
existing North American operations.
2. (C) Initially reluctant to engage again on the topic, SBS
responded only that "we are working on this right now, and
discussing it with Treasury; within the next two days we will
make an announcement defining what it is." Pressed on the
question of whether "it" referred to an entity to which
ownership would be divested, SBS said "no, we are talking about
the 'medium' for transferring CONTROL of North American
operations away from DPW. Once that is accomplished we will
focus on our ultimate goal, which remains complete divestiture
to a company with no links to Dubai." An interim arrangement
was needed because actual sale was "not something you can do in
one day -- even selling a house takes longer than that," SBS
noted.
DAVIS