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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

EU approves Peel Ports deal

LIVERPOOL 12 December – The acquisition of a 49% stake in Peel Ports by Deutsche Bank’s RREEF Pan European Infrastructure Fund has been approved by the European Commission. The deal, which poses no monopoly issues, was cleared under the EU’s simplified process for reviewing mergers and was seen as presenting no problems on competition grounds. While no price for the deal has been released, estimates understand it to be around £700M ($1.37Bn). Peel Ports is the UK’s second largest port operator owning Liverpool, Clydeport, Heysham, the Medway ports and the Manchester Ship Canal.

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