CPPIB, Hermes to buy stake in Associated British Ports: Reuters

The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure said they will buy a stake of at least 30 percent in Associated British Ports (ABP) for about $2.9 billion, Reuters reported. CPPIB and Hermes will acquire the stake from GS Infrastructure Partners and Infracapital. Borealis Infrastructure, which invested in ABP in 2006, will remain a shareholder.

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