RTR: Canada's CPPIB to buy Ports America from Oaktree to further infrastructure push

Maersk in New York Newark terminal

Photo 177396795 © Mariusz Bugno - Dreamstime.com

By LoadstarEditorial

30/09/2021

Reuters reports:

Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.

While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two sources familiar with the matter.

The transaction comes amid heightened interest in logistics, with supply-chain disruption in focus as the ...

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Canada Pension Plan Investment Board Oaktree Capital Management Ports America Takeover Talk

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