DUBAI / REUTERS
Dubai ports operator DP World said it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth $3.7bn that would invest in ports and terminals worldwide. DP World will hold a 55% share in vehicle while Caisse de dépôt, a long-term institutional investor that manages funds for public pension and insurance plans, will own 45 percent.
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.