The US Federal Maritime Commission (FMC) has raised concerns about the planned acquisition of Ports America by the Canada Pension Plan Investment Board (CPP Investments), which has previously been a…
https://www.offshore-energy.biz/fmc-voices-concerns-over-cpps-ports-america-acquisition/
Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to become the 100% owner of Ports America, North America’s largest marine terminal operator, by…
https://www.offshore-energy.biz/cpp-investments-to-become-sole-owner-of-ports-america/
The Canada Pension Plan Investment Board is set to become the full owner of Ports America, the largest U.S. terminal operator, after agreeing to acquire Oaktree Capital Management’s stake.
The price and terms of the acquisition were not disclosed. But Bloomberg reported that the deal, announced Wednesday, valued New Jersey-based Ports America at $4 billion.
Ports America operates terminals at 33 U.S. ports, including Los Angeles; New York-New Jersey; Savannah, Georgia; and Houston. CPPIB, which...
https://www.freightwaves.com/news/canada-pension-fund-to-acquire-ports-america