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Goldman Sachs, Prudential sell UK ports stake for £1.6b

Published Tue, Mar 31, 2015 · 09:50 PM
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Frankfurt

GOLDMAN Sachs Group Inc and Prudential plc agreed to sell a stake in Associated British Ports (ABP), the UK's leading port operator, for £1.6 billion (S$3.3 billion).

The stake of at least 30 per cent will be sold to Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure, the companies said in a statement on Tuesday.

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