[green iguana]

The UAE company will simply take over the contract work previously handled by the British contract firm.

Actually, the British firm will continue to do all of the work. P&O will still exist as a wholly owned subsidiary of the UAE firm.

[HKMk23]

Actually, the British firm will continue to do all of the work.

Yeah, I could have stated it more clearly, though the principle result is the same: nothing we own is being sold off, just that future decisions will be made in a different boardroom.