Pledge for Future as Owner Agrees to Sell 49 Stake in PD Ports

Pledge for future as owner agrees to sell 49 stake in PD Ports

The owner of Teesside logistics giant PD Ports has sold a 49 stake to global investors Pontegadea.

Ports operator with Humber sites sells stake to overseas investors

PD Ports owns extensive warehousing at Immingham, and has other sites on the Humber including Groveport, Howden and Keaby

Pontegadea buys stake in Teesside, Humber ports firm – Northern Financial Review

PD Ports — owner of numerous sites on Teesside and on the River Humber — announced that investment firm Pontegadea Inversiones of Spain has agreed to acquire a 49% stake in the company from Brookfield Asset Management, subject to customary regulatory approvals. “Brookfield will remain invested in the business and, as a long-term shareholder, will work closely with Pontegadea to support the continued growth of PD Ports,” said PD Ports. “PD Ports …

Zara founder buys into UK ports

The Financial Times is reporting Spanish billionaire Amancio Ortega, founder of the Zara fashion empire, has made his first move into maritime infrastructure, acquiring a 49% stake in UK port operator PD Ports through his investment arm Pontegadea. The deal sees Ortega’s family office partner with Brookfield Asset Management, which will retain control of the …