A well-filled war chest for DP World
More money for investments: DP World, the Dubai-based terminal and port operator, and the Canadian Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, have announced the expansion their investment into ports and terminals through a new commitment of USD 4.5 billion (CAD 6 billion) that will increase the total size of the platform to USD 8.2 billion (CAD 10.6 billion).
DP World holds a 55% share of the platform, and CDPQ the remaining 45%. Since its launch in December 2016, the platform has invested in ten port terminals globally.
The enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in existing geographies, as well as new regions such as Europe and Asia Pacific. (mw)