---
title: "Brookfields 12 Billion Pound Sale of PD Ports Attracts Potential Bidders"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-08-28T04:24:44+00:00"
modified: "2024-08-28T04:24:44+00:00"
date: 2024-08-28
canonical: "https://stockmark.it/brookfields-12-billion-pound-sale-of-pd-ports-attracts-potential-bidders/"
category: "Infrastructure"
categories: ["Infrastructure", "Insurance industry"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-2024-08-28T052432.587.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Brookfields 12 Billion Pound Sale of PD Ports Attracts Potential Bidders

**Published:** August 28, 2024
**Author:** Stockmark.IT Website
**Categories:** Infrastructure, Insurance industry
**Featured image:** ![Aerial view of a busy port city, showcasing industrial docks and cargo ships. from Stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-2024-08-28T052432.587.jpg?fit=1200%2C800&quality=89&ssl=1)

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As Canadian owner Brookfield Asset Management prepares to auction off PD Ports, a Teesside-based operator with 1,400 staff across 11 UK locations, potential bidders are lining up for the £1.2 billion sale. Investment banks have reportedly begun reaching out to interested parties, with Peel Ports and Macquarie said to be among those considering a bid.

The South Tees Development Corporation (STDC), chaired by Lord Ben Houchen, a close ally of former prime minister Boris Johnson and the popular local Tory mayor, is also preparing to submit a joint venture bid for PD Ports. However, there are concerns within Houchen’s camp that they may be excluded from the process due to a previous legal dispute between Houchen and Brookfield during a cancelled auction of PD Ports in 2021.

Other potential suitors contacted by advisers from Royal Bank of Canada and CIBC include Associated British Ports and DP World, the Dubai-based owner of the London Gateway port and P&O Ferries.

PD Ports, which has a history dating back to the creation of the Tees Navigation Company in 1808, currently generates an annual EBITDA of £100 million and holds 2,400 acres of freehold property. The company is well-positioned to contribute to the industrial revitalisation of the northeast through Teesside’s freeport status and its proximity to Teesworks, a joint venture between STDC and two local businessmen to redevelop a former steelworks site.

The sale of PD Ports is expected to attract significant interest from both domestic and international investors, given its strategic importance and growth potential in the region.

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**Original URL:** https://stockmark.it/brookfields-12-billion-pound-sale-of-pd-ports-attracts-potential-bidders/
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