(Reuters) – Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is among parties considering a bid for a 34% stake in Associated British Ports that could be valued at about 2 billion pounds ($2.42 billion) or more, Bloomberg News reported on Tuesday.
Stonepeak Partners LP and British Columbia Investment Management Corp are among the other investors interested in the stake being sold by Canada Pension Plan Investment Board (CPPIB), the report said, citing people familiar with the matter.
Deliberations are in the early stages, the report said, adding that other suitors, including existing shareholders, could also emerge.
Associated British Ports, British Columbia Investment Management, Stonepeak and CPPIB declined to comment whereas ADIA did not immediately respond to Reuters’ requests for comment.
($1 = 0.8256 pounds)
(Reporting by Aarati Krishna in Bengaluru; Editing by Shinjini Ganguli)
