Deustche Bank and Australia’s Macquarie, are competing to buy a 49% stake in Peel Ports
Two investment banks, Deustche Bank and Australia’s Macquarie, are competing to buy a 49% stake in Peel Ports, the UK’s second biggest port operator, whose assets include Mersey Docks and Harbour Company (Sheerness as well as Liverpool, plus stakes in overseas ventures), Clydeport, Hunterston Coal Terminal, the Manchester Ship Canal, as well as the Glasgow Harbour development and feeder operator Clydeport Shipping. Together ports controlled by Peel Ports in the UK handle almost 50 Mtpa. Peel Ports’ owner John Whittaker has hired Rothschild to sound out potential buyers of a minority stake in the £1.3B-valued Peel Ports, as part of a “wider plan to explore strategic options.” Private equity group 3i and the Canadian Pension Plan and Industry Funds Management (CPP) were reportedly also in the running at one stage.