Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.
While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two sources familiar with the matter.
The transaction comes amid heightened interest in logistics, with supply-chain disruption …
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Source: The Loadstar