Forth Ports PLC notes the acquisition of a significant stake in the Company by Babcock & Brown European Infrastructure Fund and affiliate companies. This acquisition demonstrates their recognition of Forth Ports as a unique company and as an attractive investment with excellent prospects.
Forth Ports PLC owns and operates seven commercial ports in the UK - Tilbury on the Thames, Dundee in the Firth of Tay and five in the Firth of Forth - Leith, Grangemouth, Rosyth, Methil and Burntisland. They also operate out of Chatham in Kent under the Nordic banner.
Within and around the Firths of Forth and Tay, Forth Ports manages and operates an area of 280 square miles of navigable waters, including two specialized marine terminals for oil and gas export and provides other marine services, such as towage and conservancy.
The Group also has significant property interests that it continues to develop as part of its commitment to increase shareholder value.