Global Investors in ABP Bidding War

In a bid to secure their offers, a number of global investors are preparing for a bidding war that will ensue, following the availability of a 33% stake of Associated British Ports, which currently owns and operates around 21 ports in the UK.

PTI previously reported that Goldman Sachs had sold its stake in ABP, with Borealis Infrastructure Management and GIC Special Investments each owning a third of the company.

GS Infrastructure Partners and Infracapital Partners have commenced a process that may lead to the purchase of their combined 33.33% holding in the Group.  The Company does not anticipate that this will result in any changes at an operational level.

A decision on the sale will be made pending the conclusion of the process, and bondholders will be informed in due course.

Goldman Sachs has taken interests in others ports, with an investment that would allow Turkey to develop its Aegean Port.