Allen & Overy, Clifford Chance and Addleshaw Goddard are advising as global institutional investor Caisse de Depot et Placement du Quebec (CDPQ) agrees to invest $5 billion in three of UAE-based ports and logistics concern DP World’s core home assets.
CDPQ will invest $2.5 billion in Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22%, with the remainder of the transaction being financed by debt, the firm said in a statement.
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