Dubai’s DP World creates $3.7bn investment vehicle

 

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.

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