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Temasek, the Singapore investment group, is understood to have raised its stake in P&O, sparking speculation that it may make a bid rivalling the one made by D P World of Dubai. Meanwhile, reports have it that PD Ports is the latest takeover target. A day after P&O Ports-D P World blockbuster deal, Australian port consortium offered $555 million for the UK's second largest port operator, it is learnt.

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