Kuwait buys stake in Associated British Ports

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.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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