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Robert.Jervis_43227 Apr 17

Part of Peel Ports may be up for sale

Part of Peel Ports may be up for sale image

15% stake in Peel Ports 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.

DWS declined to comment. Peel Ports was asked for comment, but did not respond.

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

Source: Port Strategy