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Sunday, 4 December 2016

Caisse, DP World create $3.8b port venture |

Caisse, DP World create $3.8b port venture |
"Caisse de Depot et Placement du Quebec, Canada’s second-largest pension fund manager, is teaming up with Dubai-based DP World Ltd to create a C$5 billion (Dh13.8 billion, $3.8 billion) venture that will invest in ports around the world, including regions such as Asia and Latin America.
DP World, which operates ports from China to South America, will own 55 per cent of the unnamed venture, with the Montreal-based Caisse controlling the remainder, according to a statement issued on Friday.
Caisse will begin by buying a 45 per cent stake in two of DP World’s Canadian container terminals in Vancouver and Prince Rupert, British Columbia for C$865 million."

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