Business, Freight News, Sea

Owner sells Peel Ports stake

[ February 10, 2020   //   ]

Property tycoon John Whittaker is to sell a 25% stake in Peel Ports Group to Melbourne-based pension fund investor AustralianSuper. Peel Ports owns Liverpool, Clydeport and Medway  in the UK, according to a report in the Sunday Telegraph.  The newspaper said that Whittaker was trying to wind down his Peel Holdings conglomerate,  and was also looking to raise as much as £1bn in an emergency rights issue for troubled shopping centre firm Intu Properties, in which he is the biggest investor. Whittaker also sold a 35% stake in Liverpool John Lennon Airport to fund manager Ancala Partners last year.