Freight News, Sea

Pensioners in control at Forth Ports

[ October 3, 2018   //   ]

Arcus European Infrastructure Fund is to sell its shares in Forth Ports to the Public Sector Pension Investment Board (PSP).

It said the move would allow it to partner with other long-term investors who are well aligned to support the future growth of the Scottish and English operator.

Forth Ports owns and operates eight commercial ports on the Firth of Forth, the Firth of Tay and the River Thames, with strategic positions in Tilbury, Grangemouth, Dundee, Rosyth and Leith (Edinburgh).

PSP managing director and head of infrastructure Investments, Patrick Samson, said: “This is a landmark transaction for PSP to increase our stake in a strategically located, top-tier infrastructure asset in the UK.”

He added: “Since PSP’s original investment seven years ago, Forth Ports’ world-class management team has led the company through consistent high performance and growth. We are now entering the next phase of our journey together, which includes a specific plan to enhance our asset management responsibilities. This plan is being headed by our London-based team under the leadership of Patrick Charbonneau, managing director, Infrastructure Investments (Europe).”