Clifford Chance

Clifford Chance Advised Both Canada Pension Plan Investment Board and Hermes Infrastructure to Acquire a Stake of Associated British Ports

International law firm Clifford Chance has advised Canada Pension Plan Investment Board and Hermes Infrastructure, who have agreed to invest approximately £1.6 billion for the acquisition of a stake of Associated British Ports ("ABP") from Goldman Sachs Infrastructure Fund and Infracapital.

The transaction is subject to merger clearance in the EUMR and China.  The stake acquired will account for at least 30% of Associated British Ports and a further 3.33% may be acquired subject to pre-emption rights.

The Clifford Chance team was led by Partner Brendan Moylan with support from Senior Associate Toby Parkinson and Partner Alastair Mordaunt.