CPPIB, Hermes complete investment in Associated British Ports
The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure recently completed their joint acquisition of a 33.33 percent stake in Associated British Ports (ABP), the United Kingdom's leading port operator. The purchase from GS Infrastructure Partners and Infracapital was previously estimated to value about 1.6 billion pounds ($2.9 billion). Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), is an existing investor in ABP. CPPIB currently estimates its global infrastructure portfolio at $15.2 billion.
13 July 2015•3 mins read
