Investors - DECEMBER 7, 2016

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Canadian investor forms C$5b global partnership

by Andrea Waitrovich

The Caisse de dépôt et placement du Québec has partnered with Dubai-based DP World to create a C$5 billion ($3.8 billion) investment platform to invest in ports and terminals around the world.

DP World, which operates businesses including marine and inland terminals, logistics services, and technology-driven trade operations, will hold a 55 percent share in the investment platform, and CDPQ will hold the remaining stake.

The new platform will be used to invest mostly in existing assets around the world, outside the United Arab Emirates, but with up to 25 percent invested in greenfield opportunities.

The first two assets in the investment vehicle will be two of DP World’s Canadian container terminals, located in Vancouver and Prince Rupert, B.C., with CDPQ acquiring a 45 percent stake of the combined assets for C$865 million ($653 million).

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