RREEF to invest in Peel Ports

Tom Allison, chief executive of Peel Ports, described the deal as one of the most significant ever seen in the UK ports sector. “This is overwhelmingly good news for Peel Ports, for our customers and for our people. The combination of one of Europe’s largest port operators and a global financial institute such as Deutsche Bank creates a compelling partnership. We’re confident we can realise a range of tremendous growth opportunities and are committed to expanding the business. This deal will help accelerate those plans.”

Peel Ports operates the Port of Liverpool, the Manchester Ship Canal, Medway Ports, Clydeport and a number of other UK facilities. It has an annual turnover of £430m and annual earnings in excess of £100m. It has over 2,200 employees over 14 sites and handles more than 63m tonnes of cargo a year.