NEDLLOYD SHAREHOLDERS OPPOSE P&O LISTING

NEDLLOYD SHAREHOLDERS OPPOSE P&O LISTING    The Dutch newspaper Telegraaf reported that a number of Royal Nedlloyd NV shareholders have opposed Nedlloyd’s plans to replace its stock in Amsterdam with shares in P & O Nedlloyd, a container shipping unit.
   Royal Nedlloyd operates P&O Nedlloyd in conjunction with the Peninsular & Orient Steam Navigation Co., based in the United Kingdom.
   The holders of shares in two funds from CGNU Pic’s Delta Lloyd unit and one fund from Kempen & Co. NV, which together account for 17 percent of Nedlloyd shares, want P&O Nedlloyd’s shares to be liquidated.
   “We’re not waiting for an interest in a container company,” Telegraaf quoted Alex Otto, director of stock investments at Delta Lloyd. “That is a strongly cyclical business.”