DP World and Canada fund strike $4.5 billion global ports deal

DUBAI: International port operator DP World agreed a deal on Thursday with one of Canada’s biggest pension-fund managers to pour an additional $4.5 billion into their joint venture of ports and terminals.

The new capital signals a major push to expand and brings the total amount invested by one of the world’s largest port operators and Canadian infrastructure investor Caisse de Depôot et Placement du Quebec to $8.2 billion.