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  • Photo: Port Americas

07.10.2021

Artikel Nummer: 38023

100% owner of Port Americas


The Canada Pension Plan Investment Board will become the 100% owner of Ports America, North America's major marine terminal operator, buying more than 90% of the shares from Oaktree Capital Management. CPP Investments has been a minority investor in Ports America since 2014.

 

Currently, Ports America is the largest terminal operator in North America, with 84 locations in 33 ports on each of the USA's three coasts. Amongst others, the company annually handles approx. 13.4 million teu and about 2.5 million vehicles.

 

The transaction is subject to satisfaction of certain closing conditions and regulatory requirements and is expected to close by Q4/2021. (cd)

www.cppinvestments.com

www.oaktreecapital.com

www.portsamerica.com

 

 

 

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