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Dubai News Club > Business > DP World/CDPQ: value of Dubai deal is beyond dubiety
Business

DP World/CDPQ: value of Dubai deal is beyond dubiety

Press Room
Last updated: 2022/06/20
Press Room
Published: June 20, 2022
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DP World/CDPQ: value of Dubai deal is beyond dubiety
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Maintaining a special relationship requires deals to benefit both sides. State-controlled DP World and Canadian pension fund CDPQ have co-invested in ports across the world for the past seven years. Now the Montreal-based fund is paying $5bn for a 22 per cent stake in its flagship Jebel Ali port and associated assets. It gains exposure to one of the world’s busiest ports in return for a generous outlay that will reduce DP World’s debt pile.

DP World took on $8.1bn of extra…

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