ADIA, Stonepeak, and BCI Eye Stake in Associated British Ports

Posted on 02/25/2023

Associated British Ports (ABP) is a major U.K. operator and owner of ports. ABP has a network of 21 ports handling around a quarter of the U.K.’s seaborne trade. Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its 33.9% stake in Associated British Ports that could be worth £2 billion. Potential bidders include Stonepeak Partners LP and British Columbia Investment Management Corporation (BCI). Abu Dhabi Investment Authority (ADIA) is also a potential buyer of the stake.

OMERS Infrastructure is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS). OMERS Infrastructure owns 30% of ABP, while the Kuwait Investment Authority through Wren House Infrastructure owns 10%. Singapore’s GIC Private Limited, the Singaporean sovereign wealth fund, owns 20% of ABP. Hermes Infrastructure is part of British-based fund Hermes Investment Management and they own 6.1% of ABP.

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