05 December 2005

Pocket money buys back Alkaased for Darley

"MEET the GBP10m super-stallion," reports The Yorkshire Post. Sold in 2003 by Sheikh Hamdan Al Maktoum for just GBP42,000, last week's Japan Cup winner Alkaseed was bought back by the Maktoum family's Darley Stud "for an undisclosed sum but one which could approach GBP10m." Taking such a bath represents small change for a crew that can, as the London Daily Telegraph reports, buy P&O: "A company backed by the horse-race loving Dubai royal family yesterday made the Gulf state's biggest acquisition so far with the £3.3billion takeover of P&O, one of the icons of corporate Britain. The agreed cash deal, pitched at 443p a share, will see DP World purchase P&O's 29 container port operations in 18 countries and take control of the group's cross-Channel ferry operations."

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