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 s...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date