Forth Ports Limited, one of the UK’s largest port groups, has announced that Arcus European Infrastructure Fund 1 LP has agreed to sell its shares in the company to the Public Sector Pension Investment Board (PSP Investments).
After financial completion, PSP Investments will partner with other long-term investors who are well aligned to support the future growth of Forth Ports. PSP originally invested in the company seven years ago.
Forth Ports is a UK-based multimodal ports owner and operator, with ports serving as logistical gateways across the country. It owns and operates eight commercial ports on the Firth of Forth, the Firth of Tay and the River Thames, with strategic positions in Tilbury (London), Grangemouth, Dundee, Rosyth and Leith (Edinburgh).
Tilbury is the site of a major new port terminal, Tilbury 2, while the Port of Dundee is strongly positioned to service the needs of the growing offshore wind sector and North Sea oil and gas decommissioning industry.