ADQ, investment and holding company and Plenary group of independent investors started their cooperation.
ADQ and Plenary Group started their cooperation
news agency wam , 28 Apr 2024 - 1:31
ADQ, investment and holding company and Plenary group of independent investors started their cooperation.
According to Amac News: ADQ and Plenary announced today (Wednesday, April24) cooperation with the aim of accelerating the expansion of public and social infrastructure through strategic investment.
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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