Linklaters, USA News: International law firm Linklaters has advised Canada Pension Plan Investments and OMERS on their agreement to sell their entire stakes in Associated British Ports to a fund managed by IFM Investors. Under the agreement, CPP Investments and OMERS are selling their respective 33.9 percent and 30.0 percent stakes in ABP. CPP Investments originally acquired its stake in 2015, while OMERS acquired its stake in 2006.
Associated British Ports is the largest ports group in the United Kingdom, providing essential gateways for trade and supporting green infrastructure for the country’s energy transition. Operating 19 facilities, the business handles approximately 25 percent of UK seaborne trade. The transaction stands as one of the largest UK infrastructure transactions announced this year.
Legal Team and Transaction Timeline
Linklaters advised through a cross-practice team. The group was led by partners from the firm’s Private Capital Infrastructure M&A practice in London, collaborating alongside specialists from antitrust, foreign investment, tax, financing, real estate, and incentives teams.
Completion of the transaction is subject to certain conditions being satisfied and is currently expected to close in the first half of 2027.
