Zara Billionaire Ortega Buys Stake in PD Ports From Brookfield

Inditex SA founder Amancio Ortega’s family office agreed to buy a 49% stake in the UK’s PD Ports from Brookfield Asset Management for an undisclosed amount.

Brookfield will remain “invested in the business” as a “long-term shareholder,” according to a statement on PD Ports’ website. The asset manager, which bought the company in November 2009, had sought and abandoned the sale of the firm in 2021, the Financial Times reported at the time.