Latest news from Heavy Lift & Project Forwarding International Magazine

ABP in ownership shuffle

July 13 - GS Infrastructure Partners (GSIP) and Infracapital have sold their combined 33.3 percent stake in Associated British Ports (ABP) to Anchorage Ports - a consortium comprising Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure.

The Kuwait Investment Authority (KIA) has also acquired 10 percent of the group's shares.

As a result of the change in shareholdings, representatives from Anchorage and KIA have replaced previous ABP directors and alternate directors from GSIP and Infracapital.

The ABP group is now owned 33.3 percent by Borealis, 33.3 percent by Anchorage Ports, 23.3 percent by Cheyne Walk Investment and 10 percent by the KIA.

www.abports.co.uk

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