Mersey Docks and Harbour

The Mersey Docks and Harbour Company with port operations in Liverpool, Sheerness, Chatham, Heysham and Dublin, has confirmed it has accepted a cash offer of 9.82p per share. Peel Ports, owner of Clydeport, which operates ports on the west coast of Scotland, and the Manchester Ship Canal, said it expected the acquisition to consolidate its position in the UK ports sector. The group, majority owned by UK property magnate John Whittaker, believes that there are significant commercial benefits to both organisations in the proposed combination. We hope to combine Peels expertise in managing waterside and brownfield property assets with those of the Mersey management and employees to create new opportunities for the enlarged group, Mr Whittaker said.