DP World partners with CDPQ to create C$5 billion investment platform

On December 2, 2016, DP World announced the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ). The investment platform totals C$ 5 billion (US$ 3.7 billion), with DP World holding a 55% share and CDPQ the remaining 45%.

The platform will invest in ports and terminals globally (excluding the UAE) across the life cycle of the asset, with a focus on investment grade countries. It will also invest mostly in existing assets, but with up to 25% invested in greenfield opportunities. Through this platform, DP World will share new investment opportunities and CDPQ will have the option of co-investing alongside DP World.

The investment vehicle will be seeded with two of DP World's Canadian container terminals, located on the Pacific Coast in Vancouver and Prince Rupert, with CDPQ acquiring a 45% stake of the combined assets for C$865 million (US$640 million).

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans, with C$254.9 billion held in net assets as of June 30, 2016.

DP World is a leading enabler of global trade and an integral part of the supply chain.

Further information can be found on CDPQ's website.