M&A

M&A

Adani Ports evaluates potential bid for UK-based Associated British Ports

Economic Times  

Adani Ports and Special Economic Zone (APSEZ) is currently weighing a bid for Associated British Ports , the largest operator of port facilities in the United Kingdom. Two Canadian pension funds- Canada Pension Plan Investment Board and the Ontario Municipal Employees Retirement System- which collectively hold a 63.9% controlling stake in the company, have reportedly engaged bankers to facilitate a sale.Associated British Ports owns and manages 21 ports across England, Scotland, and Wales, including major facilities in Southampton and Immingham. In addition to port operations, the company provides services for the offshore wind industry and serves as the statutory harbour authority for most of its locations.