PD Ports has announced that Pontegadea Inversiones, S.L. (“Pontegadea”) has agreed to acquire a 49% stake in the company from Brookfield Asset Management (“Brookfield”), 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.
PD Ports contributes £1.4 billion annually to the Teesside economy, supporting 22,000 jobs in the wider supply chain and directly employing more than 1,400 people across 11 UK sites. As the Statutory Harbour Authority for the River Tees, PD Ports ensures the river is safe and navigable, helping to generate economic growth and build a legacy for future generations
Frans Calje, CEO of PD Ports said:
“This deal signals a bold new chapter for PD Ports – one that builds on our proud heritage and sets a confident course for the future. We look forward to working with our new shareholder to drive the continued growth of our business. PD Ports’ ability to attract a high-quality investor is a powerful endorsement of the business, its people and its long-term vision. While we have successful operations around the UK – including Groveport, Felixstowe and the Isle of Wight – we are firmly anchored in Teesside and will continue to make targeted investments in our sites and our operations here and around the UK.”
Pontegadea is a leading investment firm, with assets located across the globe and in different sectors such as real estate, retail, energy transition and infrastructure. This transaction, a further step for Pontegadea’s global strategy of investment diversification, consolidates its commitment to invest in innovative infrastructures with solid partners of international renown. Pontegadea has significant experience working with scaled businesses, holding stakes in companies such as Inditex, Enagás, REN, Redeia, and Q-Park.
