CPP Investments and OMERS said on 21 October 2026 that they had agreed to sell their combined 63.9% stake in Associated British Ports to a fund managed by IFM Investors. Terms were not disclosed.
Why Fund managed by IFM Investors (IFM Global Infrastructure Fund) is buying Associated British Ports (63.9% from CPP Investments and OMERS)
IFM said ABP was the UK's largest ports group, with strategically located assets serving some of the country's most important trade and industrial regions. CPP Investments said the sale realised the value of a long-term investment.
“We are pleased to have reached an agreement where a fund managed by IFM would acquire a majority stake in ABP”
Deal terms and financing
Financial terms were not disclosed. The Financial Times reported that the transaction values ABP at more than £10bn.
Regulatory approvals and timing
Completion is subject to stakeholder review and approval processes and customary shareholder and regulatory approvals, and is expected in the first half of 2027.
Market context
CPP Investments bought into ABP in 2015 and OMERS in 2006. ABP's 21 ports include Southampton and Immingham, and minority shareholders GIC and Wren House remain invested. Splash247 reported that rival bidders included KKR, Apollo and Adani.
