ABP takeover gets go-ahead

ABP takeover gets go-ahead    Associated British Ports Holdings’ shares on the London Stock Exchange were suspended from trading Tuesday as the takeover of the U.K.’s largest port group by the Goldman Sachs-led consortium, Admiral Acquisitions, received court sanction.
   The European Commission gave clearance of the '2.8 billion ($5.3 billion) takeover on Monday.
   The scheme of arrangement is still conditional on court approval of an ABP reduction of capital, ABP said.
   Aside from Goldman Sachs, Admiral comprises Canadian pension fund Borealis Infrastructure Management Inc., the Government of Singapore Investment Corp. and Infracapital Partners (acting through its manager M&G Investment Management Ltd.
   The board of ABP said the company will likely cancel its listing on stock exchange permanently by Aug. 16.