Macquarie Infrastructure Partners in connection with the sale of various container terminals
|Areas||Corporate and Commercial, Mergers and Acquisitions|
Goodmans LLP represented funds managed by Macquarie Infrastructure and Real Assets (“MIRA”) in connection with the sale of two container terminals to PSA International Pte Ltd., a Singapore-based global port operator and the sale of one marine terminal to DP World Canada Investments Inc., one of the world’s largest port operators based in Dubai.
PSA International, a subsidiary of Temasek Holdings, acquired Eastern Canada’s largest container terminal, the Halterm Terminal at the Port of Halifax, and Penn Terminals in Philadelphia, U.S.
DP World Canada Investments Inc., a subsidiary of DP World and which is 45% owned by Caisse de dépot et placement du Québec,, acquired Canadian marine terminal, Fraser Surrey Docks in Vancouver. Fraser Surrey Docks is the largest modern, multi-purpose terminal on the west coast of North America.
The sale of Fraser Surrey Docks occurred at a difficult time for global shippers and major international shipping trade routes as fears over COVID-19 were spreading.