Peel Ports to sell shares?
A sale of shares of the Peel Ports Group seems to be imminent. According to the British press, the current shareholders, the property mogul John Whittaker and DWS as Deutsche Bank's investment branch, have agreed to sell 25% of the total shares to Australian Super.
The Melbourne-headquartered pension fund is just one interested party. Peel Ports Group is growing, with revenues of GBP 760 million in 2019, an uptick of 6% in comparison to 2018.
With Liverpool, Clydeport, Dublin, Great Yarmouth, Heysham, London and Manchester, the company runs ports in England, Ireland and Scotland. (mw)