Mubasher: DP World created a $3.7 billion investment vehicle in partnership with Caissede dépôt et placement du Québec (CDPQ), according to a statement.
DP World will hold a 55% share in the investment platform, while CDPQ will have the remaining 45% stake of the combined assets for $640 million.
The investment vehicle will be seeded with two of DP World’s Canadian container terminals, located on the Pacific Coastin Vancouver and Prince Rupert.
The platform will invest in ports and terminals globally, and mostly in existing assets but with up to 25% invested in greenfield opportunities.
