A deal is close to being agreed to sell Montreal Gateway Terminals Partnership to a group led by Fiera Axium Infrastructure Canada, according to reports from Bloomberg.
The agreement will see Morgan Stanley’s infrastructure arm sell the terminal partnership to Fiera Axium in a deal estimated to be valued at nearly US$520m.
An announcement of the deal is expected in the coming days following a competition review by the Canadian government. The deal follows on from on-going negotiations last year that broke down over valuation and were brought back on track after a decade-long extension was granted on the 25-year contract Montreal Gateway Terminals has at the port.
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