DP World's Horn of Africa investment – enter the US?
It’s more than just a money thing
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 ...
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