Canada Pension Plan (CPP) Investments has signed a definitive agreement to take over North America’s largest marine terminal operator, Ports America.
Through the purchase of interest from funds handled by Oaktree Capital Management, CPP Investments will now become the sole owner of Ports America.
The deal, anticipated to close in Q4 2021, is pending regulatory approval. The financial terms of the transaction were not shared.
Since 2014, CPP Investments has held a minority stake in Ports America...
https://www.ship-technology.com/news/cpp-investments-ports-america/