Independent journal on economy and transport policy
12:21 GMT+1
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Goldman Sachs and Prudential are in negotiations in order to yield 33% of harbour group British ABP
Remaining 66% are stopped by the Canadian group Borealis and GIC Special Investments of Singapore
October 17, 2014
From some years the relationship between the field of the finance and that of the so-called real economy has been cracked sometimes until the breaking point. The precedence connubio, much strait that in many eclatanti cases had been transformed in a wretched agreement, is time loosened and the increasing difficulty of the enterprises in retrieving vital it is more and more weakening.
The crisis of the relationship very rarely has interested the terminalistico-harbour section, than until little time it makes indeed it has benefitted of the deep investments of and financial groups interested to pick the opportunities offered from the perspectives of an ulterior increase of the international exchanges and the marine transports.
For this the news has reached almost like lightning serene sky that the group and merchant bank financial Goldman Sachs Prudential has decided to yield own quotas in Associated British Ports (ABP), the important British harbour group that it manages 21 ports in the United Kingdom and that it enlivens a annual traffic of beyond 90 million tons of goods and three million passengers.
ABP has confirmed that the two groups have started negotiations that could lead to the cession of 33.33% of the capital stock of ABP (Jersey) Ltd., group leader of the ABP Finance Plc, society that is participated for 10% from Infracapital Partners, that the M&G Investment is under responsibility of Ltd Management. of the Prudential group, and for 23.0% and 0.3% respective from the Admiral Global & International Sarl and Admiral Institutional Sarl both of property of the GS Infrastructure Partners of the Goldman Sachs group.
The remaining quota capital of the ABP (Jersey) Ltd., that she is owner of harbour group ABP, is stopped by the Canadian group Borealis through the Borealis (Luxembourg) and the Borealis International Investments Corporation (33.3%) and by the Cheyne Walk Investment Pte Ltd of property of GIC Special Investments Pte of Singapore (33.3%).
The consortium Admiral Acquisitions UK, constituted from the current shareholders of ABP, has acquired the British harbour group in 2006 for about 2,8 billion pounds ( on 19 July 2006).
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From some years the relationship between the field of the finance and that of the so-called real economy has been cracked sometimes until the breaking point. The precedence connubio, much strait that in many eclatanti cases had been transformed in a wretched agreement, is time loosened and the increasing difficulty of the enterprises in retrieving vital it is more and more weakening.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
