Part of Peel Ports may be up for sale

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April 17, 2019
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Part of Peel Ports may be up for sale

Deutsche Bank’s former asset management business is considering selling part of its stake in Peel Ports, in a deal that could value the port operator at UK£4bn.

DWS is considering the sale of a 15% stake in Peel Ports, according to the Sunday Times,

DWS, which has owned 49% of Peel Ports since 2006, was listed by Deutsche Bank in March 2018. However, the bank is still a majority shareholder.

Port Strategy has contacted Peel Ports for comment, but did not receive a response.

DWS declined to comment.

Peel Ports has facilities in Liverpool, Clydeport, Dublin, Great Yarmouth, Heysham, London and Manchester.

This article is from the Port Strategy website

By Rebecca Jeffrey

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