PD Ports backs takeover offer

The British ports industry today woke up to its second major takeover in 24 hours when North East-based operator PD Ports accepted a £246m (€359m) offer.

PD Ports backs takeover offer
Wed, 30 Nov, 2005 - 08:08

The British ports industry today woke up to its second major takeover in 24 hours when North East-based operator PD Ports accepted a £246m (€359m) offer.

The group, whose PD Teesport site is Britain’s second-largest port by volume, is being bought by an alliance of private equity group 3i and Australian financial services firm Challenger.

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