
The prospect of the exit of Canadian pension funds Canada
Pension Plan Investment Board (CPPIB) and Ontario Municipal Employees
Retirement System (OMERS) from the capital of the port group
British Associated British Ports (ABP) has become a reality
with the achievement of an agreement for the sale of the respective
shares of 33.9% and 30.0% of the capital acquired in 2025 and in 2025
2006 to a fund managed by the Australian IFM Investors. The
Closing of the transaction is expected in the first half
of 2027.
In announcing the deal, CPPIB defined the transaction
An exciting opportunity to realize value
of long-term investment and reinvest capital in
opportunities, in the interest of taxpayers and
beneficiaries of the Canadian pension plan. OMERS pointed out
the contribution made over the course of about twenty years of
participation in the development and strengthening of ABP, confirming
whereas the UK remains a priority market for its
infrastructure investments.
Currently, the remaining share of ABP's capital is
split between Singapore's sovereign wealth fund GIC (20%), Wren House
Infrastructure of Kuwait's sovereign wealth fund KIA (60%) and Federated
Hermes Infrastructure, the investment division in
Federated Hermes infrastructure (approximately 6%). ABP owns and
manages 19 ports and handles 21% of the traffic volume of the
goods by sea to the United Kingdom.
IFM Investors is already present in the port sector
with shareholdings in the Turkish Mersin International Port, of which
holds 39% alongside International (51%) and Akfen Holding
(10%), in the Polish Baltic Hub Container Terminal, in which it owns
30% of the capital, in the Canadian Global Container Terminals
(GCT), of which it owns 37.5% of the capital, and in the Australian
Ports of Brisbane and NSW Ports, with equal holdings
26.7% and 35.1% respectively.