Cbus lays stake in UK infrastructure
Major industry fund, Cbus has today announced its first direct offshore infrastructure investment, joining other global pension fund partners in investing a stake in the United Kingdom ports group, Forth Ports.
The group owned and operated eight commercial ports in the UK, with funds such as PSP, First State Super and GLIL also investing stakes.
“Forth Ports has a proven track record of strong performance and high growth, with a strong management team that shares Cbus’ values of responsible, long-term and sustainable practice. It is an expanding ports operator with long-term value underpinned by freehold title to all ports,” Cbus chief executive, David Atkin, said.
Cbus head of infrastructure, Diana Callebaut, said: “Our direct investment in infrastructure assets like Forth Ports aligns with the fund’s long-term outlook, offering a strong pipeline of growth opportunities and aligning with our strategic approach to responsible investment.”
AUTHOR
Hannah Wootton
Recommended for you
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
