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Takeover bid boosts Forth Ports position

Investors yesterday piled £131m on to the stock market worth of Forth Ports, the Scottish ports-to-property takeover target, suggesting the City believes rival Peel Group and its consortium partners will almost certainly up the ante.

Edinburgh-based Forth Ports last week rejected the £612m takeover offer from the Northstream consortium, comprising Peel, infrastructure fund manager Arcus and transportation infrastructure investor RREEF.