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>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 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

BARI-SHIP2017

At Bari-Ship you will meet not only the owners and leaders of these companies, but also the entire spectrum of managerial, operational and production staff…

read more >

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Canada LNG Conference & Exhibition 2017

The 2017 conference will bring a re-invigorated program across three days focusing on technical innovation, domestic market opportunities…

read more >

9th Annual: UK Ports Conference 2017

The UK Ports Conference returns for the ninth year to provide the latest insights for the ports, shipping and maritime sectors, reviewing…

read more >