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)