The Container terminal operator DP World has final[ds_preview]ized the transaction to monetize 45 % of its Canadian terminals for 655 mill. $ to Caisse de dépôt et placement du Québec (CDPQ), a North American pension fund manager.
CDPQ has acquired the stake in two terminals in Vancouver and Prince Rupert.
In December 2016 both companies joined forces to invest in ports and terminals globally, excluding the United Arab Emirates.
The investment platform, worth 3.7 bn $, 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.
