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IFM Investors Acquires 64% Stake in Associated British Ports

Bloomberg ·

APO Apollo Global Management Inc
$111.69 +0.42%
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  1. 1IFM Investors has acquired a 64% stake in Associated British Ports.
  2. 2This acquisition values Associated British Ports at approximately 10 billion pounds (13.4 billion dollars).
  3. 3The Canada Pension Plan Investment Board and Omers sold their stakes in Associated British Ports on Tuesday.

So what's the key point?

IFM Investors bought a 64% stake in Associated British Ports. This transaction values the company at 10 billion pounds.

Source Bloomberg · View original ↗

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