The British transport and navigation group P&O -PENINSULAR AND ORIENTAL- will be consolidating its cruise activities in a separate company that will be quoted on the stock exchange. It will combine P&O CRUISES (United Kingdom), PRINCESS CRUISES (United States), AIDA CRUISES (Germany) and its activities in Australia and Asia. The cruise activities are valued by specialists at between GBP 5.5 and 7.5 billion.