Decision to abandon sale of PD Ports a blow to Tory mayor Ben Houchen’s Teesside regeneration plans
A Canadian asset management company has abandoned the sale of one of the UK’s biggest ports operators that is embroiled in a legal battle with a close ally of Boris Johnson.
The Toronto-based Brookfield Asset Management had put PD Ports up for sale in the summer, but said it had decided to call off the auction. The company owns 12 ports and distribution sites across the UK, including Teesport in north-east England.
