APG, Global Infrastructure Partners, and AustralianSuper, Buy DWS’ Stake in Peel Ports Group

Posted on 11/01/2021

APG Asset Management, Global infrastructure Partners (GIP), and AustralianSuper have agreed to acquire a 37.4% holding in Liverpool-based Peel Ports Group Limited from DWS. The transaction is expected to close in the first quarter of 2022, pending regulatory review and approvals.

Peel Ports is a U.K. infrastructure asset with close proximity to major demand centers and is strategically positioned for Atlantic traffic. It is responsible for the operations and management of a network of seven strategically located ports around the U.K. and Ireland. Peel Ports is one of the largest port operators in the United Kingdom handling c. 66m tons of cargo in 2020.

APG has been involved in Peel Ports since 2006. AustralianSuper increased its position in the Peel Ports, having already held a 25% stake.

Equity Investor History
At March 31, 2020, the shareholders of Peel Ports were Peel Group and DWS Investments (formerly known as Deutsche Asset & Wealth Management).

On July 23, 2020, AS INFRA PP PTY LTD, acting on behalf of Australian Super, acquired a 25% shareholding in Peel Ports Group Limited’s immediate parent company, Peel Ports Holdings (CI) Limited. The 2020 sellers were property magnate John Whittaker and DWS. Following the July 2020 transaction, the shareholders of Peel Ports were Peel Group (37.6%), DWS Investments (37.4%), and AS INFRA PP PTY LTD (25%).

Keywords: Stichting Pensioenfonds ABP.

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