(Reuters) -Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management, the British ports and logistics
Amancio Ortega Acquires 49% Stake in PD Ports from Brookfield
Amancio Ortega's Investment in PD Ports
(Reuters) -Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management, the British ports and logistics company said on Tuesday.
Details of the Acquisition
Brookfield will remain invested in the business as a long-term shareholder, PD Ports said without disclosing the terms of the deal.
PD Ports Operations in the UK
PD Ports operates across 11 locations in the UK, including Teesport and Hartlepool.
PD Ports and Brookfield did not immediately respond to Reuters requests for further details on the sale.
(Reporting by Shanima A in Bengaluru; Editing by Alan Barona)
