ADQ, investment and holding company and Plenary group of independent investors started their cooperation.
Publish dateSunday 28 April 2024 - 01:31
ADQ will acquire 49% of Plenary's shares, including all shares owned by Canadian pension fund, Caisse de dépôt et placement du Québec.
The seed capital contribution will be used by ADQ to accelerate Plenary's growth across its key markets in Australia, the Middle East, Asia, the UK and Europe.
As part of this partnership, Plenary and ADQ will also create a joint investment platform that will focus on public and social infrastructure opportunities in the GCC region, the Middle East and Central Asia.
Founded in 2004, with a portfolio of 21 assets valued at over $25 billion across Australia and the Middle East, Plenary has grown steadily to become a recognized market leader in public infrastructure investors, developers and managers.
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Source : news agency wam
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