Market Chatter: BlackRock's GIP, KKR Among Potential Bidders for Associated British Ports Stake

MT Newswires Live04-08

BlackRock's (BLK) Global Infrastructure Partners and KKR (KKR)are among the potential bidders for a controlling stake in Associated British Ports valued at about 10 billion British pounds ($13.47 billion), Bloomberg reported Wednesday, citing people familiar with the matter.

DP World and Brookfield Asset Management (BAM) are also studying the asset, Bloomberg said.

Canada Pension Plan Investment Board and Omers Administration plan to sell their combined 64% stake in the port operator, the report said, adding that talks are ongoing and a transaction is not guaranteed.

BlackRock, KKR and Brookfield Asset Management did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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