Global Infrastructure Partners has acquired IPH (Jersey), owner of Great Yarmouth port on England's East coast for an undisclosed sum. In a statement, the joint venture between GE Infrastructure and Credit Suisse, said it will acquire the port in exchange for building a new outer harbour and other investments. Great Yarmouth is the main port for the UK oil and gas industry. The new outer harbour will enable the port to handle larger vessels and a wider range of business, according to the company. (Bloomberg)

Global Infrastructure Partners has acquired IPH (Jersey), owner of Great Yarmouth port on England's East coast for an undisclosed sum. In a statement, the joint venture between GE Infrastructure and Credit Suisse, said it will acquire the port in exchange for building a new outer harbour and other investments. Great Yarmouth is the main port for the UK oil and gas industry. The new outer harbour will enable the port to handle larger vessels and a wider range of business, according to the company. (Bloomberg)