CPPIB and Hermes Buy Stake in Associated British Ports

Large institutional investors such as sovereign funds and pensions are attracted to long-term predictable inflation-linked cash flows, with resilient cash yield. The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure, a unit of Hermes Investment Management, beat out sovereign wealth funds in their joint bid to invest approximately £1.6 billion to acquire a stake in Associated British Ports (ABP) of at least 30% ownership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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