Future Fund and PSP Investments to sell stakes in DP World
Public Sector Pension Investment Board (PSP Investments) and Future Fund are reportedly looking to sell their interests in port terminal operator DP World Australia. The Dubai-based company owns 78 operating marine and inland terminals in over 40 countries.
Future Fund holds a 20% stake in DP World Australia through a fund managed by Corsair Capital, while PSP owns a 25% stake. Combined, these stakes are thought to be worth more than AUD2 billion (US$1.48 billion).
Credit Suisse has reportedly been appointed to find buyers for Future Fund's stake.
Country updates
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July 03, 2018
SUSI Energy Storage Fund reaches final closing at EUR 252m
The SUSI Energy Storage Fund (SESF) received capital commitments of €252 million (US$294,32 million) from institutional investors in Germany, the Netherlands, Austria, Sweden and Switzerland...
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March 21, 2018
UBS launches US$450 million Archmore Infrastructure Debt Platform II
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed com...
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February 26, 2018
Zeughausareal Burgdorf PPP project in Switzerland refinanced
BAM, PGGM and Marti Invest have secured the financial close on the refinancing of the Zeughausareal Burgdorf PPP project in Switzerland. The project includes a prison, a road inspection agen...
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January 18, 2018
Auckland International Airport Ltd to sell stake in North Queensland Airports
Auckland International Airport Limited has announced its intention to offer its 24.6% stake in North Queensland Airports (NQA) for sale to existing investors for AUD370 million (US$294....
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October 10, 2017
Wood Group completes acquisition of Amec Foster Wheeler
Wood Group has announce that it has completed the acquisition of Amec Foster Wheeler.
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