New owners for PD Ports
The sale, which was completed today, 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 today.
David Robinson, PD Ports’ Group Chief Executive Officer said: “As a result of the sale PD Ports has a new financial structure, which will provide a stable platform to support our future growth and development.
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