Caisse de dépôt et placement du Québec (CDPQ), a long term institutional investor, through its investment platform with DP World, announced the acquisition of a 45% interest in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen. Located in San Antonio and Gran Concepción, the terminals serve Chile’s main consumption and industrial centres. The transaction will be executed at the same price as DP World’s acquisition of the asset in April 2019.

Two years ago, CDPQ partnered with DP World to create a US$ 3.7 billion platform to invest in ports and terminals globally. DP World holds 55% of the platform and CDPQ holds the remaining 45%. The two new assets in Chile join a portfolio of ports, which includes terminals in Vancouver and Prince Rupert in Canada, that are already owned by the platform.