Ghana Mulls official image in hd 2021

Brookfield Asset Management Inc. is selling PD Ports. This deal could be worth more than 2 Billion Pounds ($2.8 Billion), according to people who are familiar with the matter.

According to people familiar with the matter, Brookfield is in contact with potential bidders. According to people, Brookfield hopes to sell PD Ports by the end of this year. The business could also attract strategic and financial investors.

The people stated that discussions are still in their early stages and that no agreements have been made on the timing of any deal. Brookfield representatives declined to comment.

Infrastructure investors are looking for long-term, predictable returns and stable targets. Infrastructure deals, which include everything from oil pipelines and telecommunication fiber, and towers, were a bright spot during the pandemic. The pace of activity continued into 2021.

Also Read: Heela Yang, CEO Sol de Janeiro, discusses pioneering premium body care

KKR & Co. purchased John Laing Group Plc, a U.K.-listed infrastructure firm, for approximately 2 billion pounds in May. Meanwhile, Ontario Teachers’ Pension Plan (one of Canada’s largest pension managers) is aiming to increase its infrastructure investments by at least doubling over the next five year.

Sponsored ContentResilience through Digitalization and SustainabilityYokogawa

PD Ports is headquartered in Middlesbrough, north east England. It employs over 1,300 people. The company operates sites mostly along Britain’s east coast according to its website. It can lease land next to ports under long-term agreements. In addition, it has the perpetual right to manage a river system and to charge customers for their transit through it.

Brookfield will sell the business to continue his recent European dealmaking spree. The European designer of modular work space, Modulaire Group, was purchased by a unit of the investment firm for $5 billion. Bloomberg News reported that Brookfield was also weighing the sale of Greenergy, a U.K.-based biofuel provider.

Also Read: Prince Charles: Music makes me happy. It gives me an irresistible urge, to dance.