Displaying items by tag: UK Ports Deal
UK Ports Deal Agreed to Acquire Stake in Peel Ports Group
According to InsiderMedia, APG, Global Infrastructure Partners and AustralianSuper have agreed to acquire a 37.4% holding in Peel Ports Group from DWS.
Peel Ports (the UK's second largest ports group) is behind the likes of Liverpool2 and Manchester Ship Canal.
The transaction is expected to close in the first quarter of 2022, pending regulatory review and approvals.
Peel Ports is a critical UK infrastructure asset and responsible for the operations and management of a network of seven strategically located ports around the UK and Ireland (where Afloat adds in Dublin Port is their MTL Terminal serviced also by the group's subsidairy BG Freight Line).
Mark Whitworth, chief executive of Peel Ports Group, said: "The ambitious partnership between shareholders and management has been a cornerstone of the company's success and we look forward to building on those achievements with our new like-minded Shareholders APG & GIP, alongside The Peel Group and AustralianSuper."
More on the story here.
