P&O names lead and syndicate team for demerger

P&O, the global cruise company, has confirmed its plans to go ahead with demerger plans and announced the lead manager and syndicate team for a UK and US dual listing.

JP Morgan will lead manage the demerger of P&O Princess Cruises, the cruise liner part of P&O's business, in a move that will see P&O tidying up its corporate structure. P&O Princess Cruises will have a joint listing on the London and New York stock exchanges.

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