EuropePorts and Logistics
Kuwait buys stake in Associated British Ports
Athens: The Kuwait Investment Authority (KIA) has acquired a 10% direct interest in Associated British Ports.
The news comes after GS Infrastructure Partners (GSIP), part of Goldman Sachs, and Infracapital, a subsidiary of Prudential, sold their stakes in the group, which operates 21 ports in the UK.
The two investment companies have sold their combined 33.33% stake to Canada-based Anchorage Ports, which comprises Canada Pension Plan Investment Board and Hermes Infrastructure.
The ABP group is now owned 33.3% by Canada-based infrastructure investor Borealis; 33.3% by Anchorage Ports, 23.3% by Singapore’s Cheyne Walk Investment and 10% by the KIA.