Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management, reports Reuters, citing the British ports and logistics company.
Brookfield will remain invested in the business as a long-term shareholder, PD Ports said without disclosing the terms of the deal.
PD Ports operates across 11 locations in the UK, including Teesport and Hartlepool.
PD Ports and Brookfield did not immediately respond to Reuters requests for further details on the sale.
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Source: Reuters
