DWS to launch sale of stakes in Peel Ports
Date
May 20, 2019
Type
M&A Transactions
Subtype
Transaction launched
Countries
UK (United Kingdom)
Subsectors
Port
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Former asset management business of Deutsche Bank, DWS, is considering the sale of its 15% stakes in Peel Port for a total consideration of GBP4 billion (US$5.13 billion).
DWS, which has owned 49% of Peel Ports since 2006, was listed by Deutsche Bank in March 2018. However, the bank is still a majority shareholder.
Peel Ports is one of the UK's largest port operators with facilities in Liverpool, Clydeport, Dublin, Great Yarmouth, Heysham, London, and Manchester.
