Pd Ports Owner Ties Up Deal with Forth

Summary


PD Ports owner, the Australian investment firm Babcock and Brown European Infrastructure Fund (BBEIF), has completed a deal that brings most of the UK's east coast trade ports under its control.

Although BBEIF's newly acquired 20.4% stake in Scotland's Forth Ports is unlikely to have any immediate impact on operations at Teesport, the group's growing estate gives it significant strategic influence over freight handling in and out of the UK.

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Extract


Pd Ports Owner Ties Up Deal with Forth

Forth Ports owns and operates seven commercial po...

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