UK’s Largest Port Operator Set To Get Australian Fund As Majority Owner In Reported £10 Billion Deal

A fund managed by Australia’s IFM Investors has agreed to buy a 63.9% stake in Associated British Ports (ABP), the UK’s largest port operator. The deal values the company at about £10 billion.

The sale will see Canada Pension Plan Investment Board (CPP Investments) sell its 33.9% stake and Canadian pension fund OMERS sell its 30% holding.

ABP operates 19 ports across England, Scotland and Wales. Its ports handle about 25% of the UK’s seaborne trade.

The financial details of the deal have not been made public. The sale is expected to be completed in the first half of 2027, subject to shareholder and regulatory approval.

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