DP World, Caisse de dépôt to invest $5 bln in global ports and terminals
Dubai's DP World and Caisse de dépôt et placement du Québec (CDPQ) have launched a new platform to invest in global port and terminal businesses. The platform has been capitalized at $5 billion, with DP World holding a 55 percent share and CDPQ the remaining 45 percent. Investments, to be made in countries outside of the United Arab Emirates, will be focused on existing assets, with up to 25 percent earmarked for greenfield project opportunities. The platform has been seeded with two of DP World's Canadian container terminals, located in Vancouver and Prince Rupert. CDPQ acquired a 45 percent stake in these assets for $865 million.
2 December 2016•4 mins read
