Australian fund acquires majority stake in UK’s ports group giant

The prospect of the exit of Canada Pension Plan Investment Board (CPP Investments) and OMERS Infrastructure from the capital of UK’s largest ports group Associated British Ports (ABP) has become a reality with the achievement of an agreement for the sale of entire stakes in ABP to a fund managed by IFM Investors.

Toronto-headquartered CPP Investments and OMERS have agreed to terms with a fund managed by IFM Investors to sell each of their respective 33.9% and 30.0% stakes in Associated British Ports (ABP).

The transaction is subject to customary shareholder and regulatory approvals and is expected to complete in the first half of 2027.

ABP is the UK’s largest port operator, with a network of 19 strategically located ports across England, Scotland and Wales. ABP handles approximately 25% of UK seaborne trade.

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