The Canadian Pension Plan Investment Board (CPPIB) and Hermes Infrastructure have agreed to acquire a stake in Associated British Ports (ABP) for around £1.6bn.
The investors' shareholding in ABP, which owns and operates 21 ports across the UK, will be at least 30% and may extend to 33.33% subject to pre-emption rights. CPPIB and Hermes will buy the sta...
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