UK's biggest port operator valued at over £10bn in Australian fund purchase

✦ Meridian Analysis

IFM Investors has signed an agreement to acquire a majority stake in Associated British Ports (ABP), the United Kingdom’s largest port operator, valuing the business at more than £10 billion. No details on the exact price, leverage, or financing structure have been disclosed. Earlier this month Meridian reported that Indian conglomerate Adani was weighing a bid for ABP. What remains undisclosed are the exact purchase price, any earn‑out or contingent consideration, the composition of the financing package and the advisers on each side. Regulators’ review timeline, the expected closing date and any required shareholder approvals have not been detailed, all of which will be closely monitored by deal professionals as the transaction moves toward completion.

The Meridian Weekly