DP World, CDPQ Join Forces to Invest in Ports and Terminals

Image Courtesy: DP World

Dubai-based port and terminal operator DP World and North America’s pension fund managers Caisse de dépôt et placement du Québec (CDPQ) have joined forces to create an investment vehicle to invest in ports and terminals globally, excluding the United Arab Emirates.

The investment platform, which totals USD 3.7 billion, with DP World holding a 55% share and CDPQ the remaining 45%, will invest in these assets across their life cycle, with a focus on investment grade countries.

DP World said that the investment would cover mostly existing assets, with up to 25% invested in greenfield opportunities.

The investment vehicle will be seeded with two of DP World’s Canadian container terminals, located on the Pacific Coast in Vancouver and Prince Rupert, with CDPQ acquiring a 45% stake of the combined assets for USD 640 million.

CDPQ’s investment in the two Canadian terminals are subject to a number of customary regulatory approvals.

“The opportunity landscape in the port and terminal sector remains significant and this partnership offers us greater flexibility to capitalise on these opportunities while maintaining a strong balance sheet and retaining control,” Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >