International port operator DP World reached a deal today with one of Canada's biggest pension-fund managers to pour an additional US$4.5 billion into their joint venture of ports and terminals. It also comes as DP World, grappling with an economic downturn worsened by the coronavirus pandemic, delists itself from trading to become a fully private, government-owned firm. DP World and CDPQ agreed in 2016 to invest in 10 port terminals across the world. DP World has a 55 percent share in the fund, with CDPQ holding the remaining 45 percent. DP World runs operations as far east as Brisbane, Australia, and as far west as Prince Rupert, Canada.

Source: The Standard September 03, 2020 10:30 UTC