Deutsche Ban buys terminal operator MAHER TERM. SOLD … 55&k=28159

Deutsche Ban buys terminal operator
LONDON (Bloomberg) — Deutsche Bank AG’s RREEF infrastructure division agreed to buy U.S. container-terminal operator Maher Terminals LLC for an undisclosed amount.
The purchase will be made through a U.S. unit of RREEF, the subsidiary said in an e-mailed statement today. Privately held Maher Terminals operates a container terminal in Port Elizabeth, New Jersey, and is building a terminal in Prince Rupert, B.C.
Buyout firms, pension funds and investment banks are vying for acquisitions such as port assets that provide steady earnings. RREEF bought a stake in U.K. billionaire John Whittaker’s Peel Holdings Ltd.’s ports business in November.
The acquisition by RREEF will allow Maher Terminals to add to its existing terminal businesses and “compete for additional capacity in the North American market,â€

Deutsche Bank is also financing the world’s largest wind power project south of Prince Rupert on Banks Island.
With a sluggish german economy they are looking elsewhere to invest.

Deutsche Bank’s press release:

For Immediate Release Contact: Anthony Cicatiello
March 20, 2007 908-568-3280
Heather Grizzle
Ted Meyer, Deutsche Bank
212 250 7253
RREEF Infrastructure Agrees to Purchase
Maher Terminals
Acquisition will Enable Maher to Compete on a Global Level
NEW YORK – RREEF Infrastructure, a part of RREEF Alternative Investments, the global
alternatives asset management business of Deutsche Bank’s Asset Management division, has
agreed to purchase Maher Terminals, a privately-held operator of Port terminal facilities in Port
Elizabeth and Port of Prince Rupert. The acquisition will be made through Deutsche Bank
Americas Holding Corp., a RREEF affiliate.
“We believe Maher Terminals represents the best assets combined with the very best
management team in the industry,â€