New Owners for PD Ports

PD Ports, a UK ports & logistics business based in Middlesbrough, confirmed that it is under new ownership, following the sale of 100% of its equity to Canadian-based Brookfield Asset Management.

The sale was part of a broader transaction with Babcock & Brown Infrastructure (BBI) in which Brookfield, as the cornerstone investor, led a recapitalisation of BBI.  

Brookfield has formed a new holding company Brookfield Ports (UK) Ltd to complete the purchase of PD Ports.  BBI was the previous owner of PD Ports from early 2006 until now.

(www.pdports.co.uk)