London, U.K./Toronto, Canada (July 8, 2015): Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure announced today that they have completed the acquisition of a 33.33% stake in Associated British Ports from GS Infrastructure Partners and Infracapital. All closing conditions and regulatory approvals have been met for the transaction, which was first announced on 31 March 2015.
CPPIB is a significant investor in the U.K. and Europe with a total of £23.5 billion (C$44.3 billion) invested across a variety of asset classes as at 31 March 2015. Globally, CPPIB’s infrastructure portfolio totalled £8.1 billion (C$15.2 billion) for the same time period.
Hermes Infrastructure, part of Hermes Investment Management which manages £30.1 billion and advises on £124 billion through ESG and stewardship services, invests in high quality infrastructure assets on behalf of its clients and is focused on delivering enhanced risk-adjusted returns for investors.
Press contacts
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Jeannie Dumas
Head of Corporate Communications jeannie.dumas@hermes-investment.com +44 (0)20 7680 2152 +44 (0)7841 324061 -
Melanie Bradley
Associate Director, Corporate Communications melanie.bradley@hermes-investment.com +44 (0)20 7680 2218 + 44 (0)7767 162 317 -
Rachael Dowers
Assistant Manager, Corporate Communications Rachael.Dowers@hermes-investment.com + 44 (0)20 7680 4698