PSP Investments acquires Arcus stake in Britain's Forth Ports
Public Sector Pension Investment Board (PSP Investments) has agreed to acquire the stake of Arcus Infrastructure Partners in U.K. ports group Forth Ports Ltd. No financial terms were disclosed. Arcus first invested in group in 2008, while PSP invested in 2011. Forth Ports owns and operates eight commercial ports on the United Kingdom's Firth of Forth, Firth of Tay and the Thames, including positions in Tilbury (London), Grangemouth, Dundee, Rosyth and Leith (Edinburgh). Patrick Samson, PSP managing director and head of infrastructure investments, said the pension system will support the growth of Forth Ports and enhance its asset management responsibilities.
3 October 2018•4 mins read
