Sale of Various Shareholdings in ABP (Jersey) LtdSource: RNS
ABP FINANCE PLC
8 JULY 2015
FOR IMMEDIATE RELEASE
ABP FINANCE PLC
Statement regarding sale of various shareholdings in ABP (Jersey) Limited and a change in the directors of ABP (Jersey) Limited, ABP Finance Plc and
Associated British Ports Holdings Limited
Further to the statement issued on 31 March 2015, ABP (Jersey) Limited ("ABP Jersey") (together with its subsidiaries, the "Group"), the ultimate parent company of ABP Finance Plc (the "Company"), has informed the Company that GS Infrastructure Partners ("GSIP") and Infracapital have completed the sale of their combined 33.33% stake in the Group to Anchorage Ports LLP, a consortium comprising Canada Pension Plan Investment Board ("CPPIB") and Hermes Infrastructure.
In addition, the Kuwait Investment Authority (the "KIA") has acquired a 10% direct interest in the Group.
Philippe Camu and Peter Lyneham (representatives of GSIP) and Edward Clarke and Stephen Nelson (representatives of Infracapital) have resigned as directors/alternate directors of the Company, ABP Jersey, Associated British Ports Holdings Limited ("ABPH") and all their other Group directorships and Kunal Koya (representative of GSIP) has resigned as an alternate director of ABP Jersey and ABPH.
Cressida Hogg, Robert Wall, and Peter Hofbauer (representatives of Anchorage Ports LLP) and Hakim Drissi (representative of the KIA) have been appointed as directors of ABP Jersey and ABPH. Robert Wall and Hakim Drissi have been appointed as directors of the Company and certain other Group companies. Perry Noble (representative of Anchorage Ports LLP) has been appointed as an alternate director of ABP Jersey and ABPH and Petros Stylianides (representative of the KIA) has been appointed as an alternate director of the Company, ABP Jersey, ABPH and certain other Group companies.
As a result of these transactions, the shareholdings in the Group are: 33.3% owned by Borealis, 33.3% by Anchorage Ports LLP, 23.3% by Cheyne Walk Investment Pte Ltd and 10% by the KIA.
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For further information, please contact:
David Leighton / Gareth Lewis, Associated British Ports
+44 207 430 1177
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS