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