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The trouble over the sale of D P World's US assets, it appears, will never be over. The Wall Street Journal reports that the long-running effort by Dubai Ports World to sell its US port holdings has hit last-minute snag with the Port of Authority of New York and New Jersey. The Port Authority is believed to have raised several "unexpected objections and conditions" to D P World's proposed sale of its port-management contract to AIG Global Investment Group. Last year, following a political outcry in the US, D P World announced its decision to sell off the US holdings acquired as part of its acquisition of P&O Ports. While the approval for the sale of its other facilities in the US has been obtained from the authorities concerned, the Port Authority of NY and NJ is understood to have demanded as much as $84 million to approve the lease transfer, unacceptable to both D P World and the investment arm of AIG. The Port Authority is believed to have also demanded access to sensitive business information, much to the chagrin of the Dubai-based company and the insurance group.

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D P World still in hot water in US?

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