Brookfield Asset Management (BAM) is acquiring a 14.1% stake in Associated Danish Ports, or ADP, the port operator said in a Thursday statement.
Brookfield will provide a capital injection of 700 million Danish krone ($109.9 million), composed of debt financing and equity, into ADP, according to the statement.
ADP said it will use the capital to pursue growth opportunities through investments in existing and new business areas and by entering into strategic partnerships with other port and infrastructure companies in Denmark and the Nordic region.
ADP owns and operates the Port of Fredericia, the Port of Nyborg and the Taulov Dry Port in Denmark, the statement said.
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