DP World pairs up with global investment partner

05 Dec 2016
Investment partners: AS part of the partnership, CDPQ has acquired a stake in DP World’s Vancouver and Prince Rupert container terminals

Investment partners: AS part of the partnership, CDPQ has acquired a stake in DP World’s Vancouver and Prince Rupert container terminals

DP World has formed an investment platform in partnership with one of North America’s largest pension fund managers, through which it will invest in global ports and terminals with a focus on investment grade countries.

The partnership with Caisse de dépôt et placement du Québec (CDPQ) will invest mostly in existing assets, but with up to 25% invested in greenfield opportunities. Through this platform, DP World will share new investment opportunities and CDPQ will have the option of co-investing alongside DP World. 

The investment platform totals US$ 3.7 billion, with DP World holding a 55% share and CDPQ the remaining 45%. 

It 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 US$ 640 million. 

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “As a global trade enabler, DP World is proud to announce the partnership with CDPQ to invest in growth opportunities in port and terminal businesses around the world. “

“In CDPQ we have found a partner with shared vision who is willing to participate in the risk and reward of investing throughout the life cycle of trade-enabling assets across the globe. The partial monetisation of our Canadian assets further strengthens our balance sheet.”

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