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Monday, 23 January 2017

Dubai's DP World creates $3.7 bln investment vehicle with Canada's Caisse de dépôt | Reuters

Dubai's DP World creates $3.7 bln investment vehicle with Canada's Caisse de dépôt | Reuters:

"Dubai ports operator DP World said on Monday it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth US$3.7 billion that would invest in ports and terminals worldwide. DP World will hold a 55 percent share in the vehicle while Caisse de dépôt, a long-term institutional investor that manages funds for public pension and insurance plans, will own 45 percent. The platform will have "a focus on investment-grade countries" excluding the United Arab Emirates, and will invest mostly in existing assets but with up to 25 percent in greenfield opportunities, DP World said. "



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