Independent journal on economy and transport policy
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Canada Pension Plan Investment Board and Hermes Infrastructure will acquire 33.33% of Associated British Ports
the investment will pile to 1,6 billion pounds
April 1, 2015
It will be a consortium constituted from the pension fund Canadian Canada Pension Plan Investment Board (CPPIB) and from Hermes Infrastructure, that Hermes Investment Management is under responsibility of the British bottom, to acquire 33.33% of the capital stock of the harbour group English Associated British Ports (ABP), than the slid autumn it had confirmed the probable cession of the quota ( on 17 October 2014).
The consortium has in fact undersigned an agreement in order to invest about 1,6 billion pounds (2,2 billion euros) in order to buy 30% of ABP at least with the possibility to acquire ulterior a 3.33% of the capital of the British company. The quotas will give yielded from GS Infrastructure Partners (GSIP) and from Infracapital. The remaining capital will continue to being stopped from Borealis Infrastructure and the Government of Singapore Investment Corporation (GIC). According to the forecasts, the acquisition will be capacity to term in the course of the next summer.
Group ABP possesses and manages 21 ports in England, Scotland and Wales.
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