After a year of turmoil, Dubai Ports World completed the sale of its U.S. port operations to AIG Global Investment Group, The Wall Street Journal reported on Saturday.

DP World paid about 6.85 billion dollars to acquire a British ports company Peninsula & Oriental Steam Navigation Co. that had long managed operations at six U.S. ports.

But it was forced late last year to sell its U.S. assets to AIG for around 1.2 billion dollars after the political pressure, the report quoted people familiar with the terms as saying.

DP World, based in the United Arab Emirate of Dubai, stirred a political hornet's nest last spring after the Bush administration signed off on its acquisition of the British company that had long managed operations at six U.S. ports.

U.S. lawmakers claimed the deal threatened U.S. security and demanded that DP World sell out to an American company.

Source: Xinhua