Brookfield stays on as long-term shareholder
According to Reuters, billionaire Amancio Ortega has acquired a 49% stake in UK-based PD Ports through his investment firm, Pontegadea Inversiones.
The remaining majority stake will stay with Brookfield Asset Management, which plans to continue as a long-term shareholder. Terms of the deal were not disclosed.
PD Ports operates at 11 locations across the UK, including major terminals in Teesport and Hartlepool. The company confirmed the agreement in a statement on Tuesday but did not provide further details.
Reuters said both PD Ports and Brookfield declined to comment when asked for additional information on the transaction.
Ortega, founder of fashion giant Zara, has steadily expanded his portfolio through Pontegadea, with recent investments in energy, infrastructure, and real estate.
