Two Canadian pension funds are planning to sell their stakes in Associated British Ports (ABP), potentially valuing the UK’s largest ports operator at over £10 billion ($13.63 billion), according to a Financial Times report on Thursday.

The Canada Pension Plan Investment Board (CPPIB), which holds a 34% stake in ABP, and the Ontario Municipal Employees Retirement System (OMERS), with a 33% stake, have hired Morgan Stanley (NYSE:MS) to explore the sale of their holdings.

Asset manager Hermes, which owns approximately 6% of the group, might also sell its stake, the report indicated.

A deal could potentially be finalized as early as the second half of 2026, though discussions are still in the preliminary stages.

ABP owns 21 ports across the United Kingdom, including major facilities at Humber and Southampton. According to its website, the company handles more than a quarter of all port industry volumes in the UK.
Source: Investing.com