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Canadian pension funds sell their stakes in Associated British Ports

By Anthony at GridteamAI

CPP Investments and OMERS have agreed to sell their entire stakes in Associated British Ports, Britain's largest port operator with 19 ports across England, Scotland and Wales, to IFM Investors, a global asset manager owned by Australian pension funds and the UK's Nest. CPP Investments has held 33.9% since 2015 and OMERS 30.0% since 2006; financial terms were not disclosed.

Our readTwo long-term pension owners stepping back from Britain's largest port group says as much about where they now see better returns as it does about ABP itself.
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