According to sources, the Financial Times reported that the Canada Pension Plan Investment Board (CPPIB) and the Ontario Municipal Employees Retirement System (OMERS) plan to sell their shares in the UK's largest port operator, Associated British Ports (ABP).

Reportedly, Morgan Stanley has been appointed to oversee this share sale transaction, which is estimated at around £10 billion (approximately $13.63 billion).

It is understood that the Canada Pension Plan Investment Board holds a 34% stake in ABP, while the Ontario Municipal Employees Retirement System holds a 33% stake. Additionally, the asset management company Hermes is also looking to sell its 6% stake in the port operator.

The remaining shares of ABP are primarily held by the Singapore sovereign wealth fund GIC (20%) and Wren House Infrastructure, a subsidiary of the Kuwait Investment Authority (10%). CPPIB and OMERS collectively intend to sell a 67% controlling stake. The transaction is currently in the preliminary negotiation stage, with an expected completion in the second half of 2026. If successful, this would be one of the largest port transactions in the UK in recent years.

A spokesperson for ABP stated, "We remain fully focused on port operations to ensure the smooth flow of UK trade and to support the energy transition process."

According to information on the ABP website, the company handles approximately 1.4 million containers per year, with a cargo throughput of around 88 million tons. ABP operates 21 ports within the UK, strategically located at key logistics nodes such as the Humber and Southampton, offering a wide range of services including dry bulk, liquid bulk, roll-on/roll-off operations, as well as diverse services like container handling, cruise ships, and renewable energy projects.