Business · 37 minutes ago
Australian fund IFM buys majority of Associated British Ports
Photo by Ollie Craig on Pexels
Associated British Ports, Britain's biggest port operator, possesses 19 port facilities and processes approximately a quarter of the UK's seaborne trade. Australian fund manager IFM Investors is acquiring around 64% of the company from Canadian pension funds OMERS and CPP Investments. The deal still needs shareholder and regulator approval, with completion expected in the first half of 2027.
Reported by worldcargonews.com · How we write briefs