KIA Acquires Stake in Associated British Ports
On July 8th, Kuwait Investment Authority (KIA) finalized its purchase of a 10% direct stake in Associated British Ports Ltd. Associated British Ports is now 33.3% owned by Borealis (a unit of OMERS), 33.3% by Anchorage Ports LLP (owned by Canada Pension Plan Investment Board and Hermes Infrastructure), 23.3% by Cheyne Walk Investment Pte Ltd (a unit of GIC) and 10% by the Kuwait Investment Authority.
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