Partnership to buy APMT’s Virginia facility
A partnership comprising affiliates of investment funds managed by Alinda Capital Partners (Alinda) and Universities Superannuation Scheme Limited (USS) has announced that the partnership will purchase APM Terminals’ container terminal in Portsmouth, Virginia.
The transaction is subject to standard regulatory approvals and is expected to close during the third quarter of 2014, following which the terminal will be renamed as “Virginia International Gateway.”
Alinda Capital Partners is a U.S.-based firm specialising in infrastructure investments in the United States and abroad. USS is the largest private sector pension fund in the UK and is a long-term investor with a global infrastructure portfolio.
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