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German Bank's Asset Management Arm to Cut Its Stake in Major UK Ports Group

23rd April 2019
MSC's containership MSC Messina berthed at Liverpool2 the newest lo-lo terminal on the Irish Sea is a major investment by Peel Ports. AFLOAT adds among the group's portfolio, they operate Marine Terminals Ltd (MTL) a container facility in Dublin Port located in Ringsend. Also above Afloat has identified P&O Ferries Norbank/Norbay transiting in Gladstone Lock. The ropax pair along with fleetmate European Endeavour operate to Dublin using Terminal 3 located almost opposite of the MTL terminal. MSC's containership MSC Messina berthed at Liverpool2 the newest lo-lo terminal on the Irish Sea is a major investment by Peel Ports. AFLOAT adds among the group's portfolio, they operate Marine Terminals Ltd (MTL) a container facility in Dublin Port located in Ringsend. Also above Afloat has identified P&O Ferries Norbank/Norbay transiting in Gladstone Lock. The ropax pair along with fleetmate European Endeavour operate to Dublin using Terminal 3 located almost opposite of the MTL terminal. Photo: Peel Ports Group -facebook

#ports - A German stakeholder of a major UK ports group is considering selling its part of the business.

As the UK newspaper The Times reports, Deutsche Bank is considering selling part of its stake in Peel Ports Group, Britain’s second-biggest port operator, in a deal that could value the company at £4bn.

DWS, the German bank’s asset management arm, is understood to be mulling the sale of a 10%-15% stake in Peel Ports, which runs the Port of Liverpool.

DWS has owned 49% of Peel since 2006. It bought the share from property tycoon John Whittaker in a deal that at the time valued the business at about £1.6bn.

Peel handles more than 60m tons of cargo a year and about 13% of Britain’s maritime traffic, putting it second behind Associated British Ports (ABP), the biggest port operator.

It has spent hundreds of millions of pounds upgrading Liverpool with another deep-sea container terminal, Liverpool2.   

For more click here. 

Afloat adds Peel Ports other port run and related facilities are located in Dublin, Clydeport, Great Yarmouth, Heysham, London (Medway) and the Manchester ship canal.

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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