New investment by Spain’s Pontegadea. The investment company of Amancio Ortega—the 89-year-old founder of Inditex, at the helm of the Zara chain—has reached an agreement to acquire a 49% stake in Pd Ports, a British company active in the port and logistics sector.
The stake is being sold by Brookfield Asset Management, a New York-based private equity firm that had acquired the entire shareholding of the company in 2009. The terms of the agreement have not been disclosed.
Pd Ports operates in 11 locations across the United Kingdom, including the ports of Hartlepool, Howden, Keadby, and Teesport, and employs over 1,400 people.
The deal comes just days after Ortega’s real estate blitz in Paris, where—again through Pontegadea—he put €113 million (approximately £97 million) on the table to acquire the Hotel Banke, owned by Derby Hotels.
Also in the City of Light, in September 2024, the entrepreneur secured an office building of around 10,000 square meters at 14 Halévy Street in the 9th arrondissement, just steps from the Opéra.
