Published by Money Management – 12th Oct 2018
Major industry fund, Cbus has today announced its first direct offshore infrastructure investment, joining other global pension fund partners in investing a stake in the United Kingdom ports group, Forth Ports.
The group owned and operated eight commercial ports in the UK, with funds such as PSP, First State Super and GLIL also investing stakes.
“Forth Ports has a proven track record of strong performance and high growth, with a strong management team that shares Cbus’ values of responsible, long-term and sustainable practice. It is an expanding ports operator with long-term value underpinned by freehold title to all ports,” Cbus chief executive, David Atkin, said.
Cbus head of infrastructure, Diana Callebaut, said: “Our direct investment in infrastructure assets like Forth Ports aligns with the fund’s long-term outlook, offering a strong pipeline of growth opportunities and aligning with our strategic approach to responsible investment.”
