CDPQ Acquires Stake in DP World’s Canadian Terminals

Dubai-based port and terminal operator DP World has closed the transaction to monetize 45% of its Canadian container terminals for CAD 869 million (USD 655 million).

The stake in two terminals, Vancouver and Prince Rupert, was acquired by North America’s pension fund manager Caisse de dépôt et placement du Québec (CDPQ).

In early-December 2016, DP World and CDPQ joined forces to create an investment vehicle to invest in ports and terminals globally, excluding the United Arab Emirates (UAE).

The investment platform, worth USD 3.7 billion, with DP World having a 55% share and CDPQ the remaining 45%, will invest in the assets across their lifecycle, with a focus on investment grade countries.

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

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >