Brookfield is acquiring a 14.1% stake in Associated Danish Ports (ADP) through a DKK700m (€93.8m) investment in the largest port company in Southern Denmark.
The asset manager’s investment, which is being made via a combination of loan and share capital, will be used to accelerate ADP’s growth and “support its ambition of becoming a leading port company” in the Nordic region.
ADP owns and operates the Port of Fredericia, the Port of Nyborg and the Taulov Dry Port. The company’s current projects include expansions of the Fredericia container terminal and the Port of Nyborg, an expansion of the Taulov Dry Port, and an investment into the Port of Hanstholm, which is scheduled to be consolidated into ADP as of 1 August 2025.
Keshav Bhojania, managing director in Brookfield’s infrastructure group, said: “We are pleased to partner with ADP to accelerate the growth and development of the business into one of the leading port operators in the Nordics.
“Brookfield has been operating critical infrastructure, including ports, for several decades, and will use this experience as an owner and operator in the sector to support and accelerate ADP’s growth trajectory.”
Christian Herskind, chairman of the board of ADP, said: “ADP is a growth engine for the owner municipalities and the rest of the region, and the effects from our activities spread like ripples in the water with the ports and Taulov Dry Port as a starting point.
“This provides an economic gain for the owner municipalities in the form of jobs, tax revenues, an active business community, settlement and much more. ADP is a solid and financially sustainable company today, and Brookfield’s investment can support ADP’s further development to the greater benefit of the owner municipalities – be it in the form of socio economic effects and in the form of a significantly higher dividend to the owners in the coming years.”
Rune D Rasmussen, CEO of ADP, said: “Developments in the infrastructure and logistics market are moving faster than ever, and if we are to maintain Denmark’s position as a strong import and export nation, the Danish ports must keep up with the foreign ports. In addition, ADP can ensure future growth across existing and new business areas.
“We are thus creating the foundation to allow ADP to develop into one of the leading port companies in the Nordic region. In addition, we will be provided with capital, competencies and experience that can support ADP moving into an unprecedented period of development for a Danish port company.”
Christian Bro, mayor of Fredericia, vice chairman and owner representative of ADP, said: “Both Nyborg and Fredericia municipalities want to ensure the development of our companies in the future, so that jobs and municipal revenue base are solid and growing.
“With Brookfield as co owner of ADP, we now have a strong partner to help us drive towards further local and regional growth, offering further opportunities for the municipalities’ citizens and other companies. We retain control, but are provided with capital and strong external competencies, so that our company can continue to develop and grow.”
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