Australia’s IFM snaps up 68% stake in ABP

Australian infrastructure fund IFM Investors is set to acquire a 68% stake in Associated British Ports (ABP), following months of rumours about possible bidders circling the UK’s largest port owner and operator. ABP shareholders Canada Pension Plan Investment Board and OMERS today said they agreed to terms with IFM Investors to sell each of their respective 33.9% and 30.0% stakes in ABP, which were originally acquired in 2015 and 2006…

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