May 16, 2019 |
Caisse de dépôt et placement du Québec (CDPQ) said it has invested in DP World's business in Chile at the same price that the Dubai-based port terminal operator paid for Puertos y Logística (Pulogsa).
DP World offered $502m and agreed to take on at least $226m in debt when it moved to buy out Minera Valparaíso and shareholders from the Matte Group and take full control of Pulogsa. DP World assumed operations at terminals at Puerto Central in the Valparaíso Region and Puerto Lirquén in the Biobío
Canadian pension fund takes 45% of DP World's business in Chile for roughly $225m