Canadian Pension Funds Hire Morgan Stanley to Explore Sale of Associated British Ports Stakes
Two major Canadian pension funds have engaged Morgan Stanley to explore selling their combined 67% stake in Associated British Ports, the UK's largest ports operator, in a process aiming to value the asset at more than 10 billion pounds.
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Two major Canadian pension funds have hired Morgan Stanley to explore the sale of their substantial stakes in Associated British Ports , the United Kingdom's largest ports operator. The Canada Pension Plan Investment Board holds a 34 percent stake in ABP, while the Ontario Municipal Employees Retirement System owns 33 percent. The announcement, made on February 5, marks a formal initiation of a sale exploration process for these significant holdings.
