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...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
