News / DP World and Canadian pension fund link up to create $3.7bn port investment platform

DP World and Canadian fund manager Caisse de Dépôt et Placement du Québec (CDPQ) are to provide $3.7bn of investment in global ports, with the terminal operator transferring a 45% stake in its Vancouver and Prince Rupert operations to CDPQ to help fund the platform.

DP World will have a controlling 55% stake in the investment platform, with CDPQ holding the remaining 45%. The partners said 25% of the fund would be reserved for investment in greenfield sites.

DP World will also maintain control ...