Company Overview of Associated British Ports Holdings Limited
Associated British Ports Holdings Limited owns and operates ports in England, Scotland, and Wales. Its ports handle bulk cargoes; solids and liquids; containers; roll-on/roll-off; passengers and cruises; a range of products that fall under the heading "general cargo"; cars; petroleum, coal, and other energy products; and provides services to trade sectors, such as the offshore wind and renewable energy industries. The company also operates marinas with facilities, including washing and laundry facilities, as well as a chandlery, boatyard services, and a fuel supplier. In addition, it offers specialist marine environmental services to a range of marine-related industries; specialist consultan...
London, WC2B 4HN
Founded in 1962
Key Executives for Associated British Ports Holdings Limited
Chief Executive Officer and Executive Director
Chief Executive Officer of Amports - Ports & Transport USA and President of Amports - Ports & Transport USA
Managing Director of ABP Marine Environmental Research (ABPmer)
Managing Director of ABP Connect
Compensation as of Fiscal Year 2014.
Associated British Ports Holdings Limited Key Developments
Malaysian Employees Provident Reportedly Eyeing ABP Stake
Oct 27 14
Employees Provident Fund of Malaysia is interested in taking over a stake in Associated British Ports Holdings Limited (ABP). The fund is reported to be preparing a $2 billion bid for a stake in ABP. Wall Street Journal reported citing people familiar with the matter as saying that Employees Provident has engaged bankers in order to help it acquire a 33.3% stake in ABP jointly owned by The Goldman Sachs Group, Inc. (NYSE:GS) and Prudential plc (LSE:PRU). ABP announced on October 16, 2014 that the two firms were looking for a buyer for their combined stake.
Goldman Mulls To Sell Holding in ABP
Oct 16 14
The Goldman Sachs Group, Inc. (NYSE:GS) has begun the process of selling its stake in Associated British Ports Holdings Limited (ABP) that runs many of the U.K.'s ports. In a statement to bondholders marking the formal start of the sale process, ABP said that GS Infrastructure Partners I, L.P. and Infracapital Partners LP are looking for a buyer for their 33.3% holding in ABP. "The company does not anticipate that this will result in any changes at an operational level," said ABP. Borealis Infrastructure Trust and GIC Special Investments Pte. Ltd. each owns a third of ABP. Spokespeople for ABP, Goldman and Infracapital declined to comment further on the sale process.
Associated British Ports Reports Earnings Results for the Six Months Ended June 30, 2014
Oct 6 14
Associated British Ports reported earnings results for the six months ended June 30, 2014. The company reported that loss attributable to equity shareholders for the six months ended June 30, 2014 was GBP 168.3 million, compared to a profit attributable to equity shareholders of GBP 65 million for the same period ended June 30, 2013. Revenue for the six months ended June 30, 2014 was GBP 256.1 million, compared to GBP 244.9 million for the same period ended June 30, 2013. Gross profit for the six months ended June 30, 2014 was GBP 158.1 million, compared to GBP 150.9 million for the same period ended June 30, 2013. Operating profit for the six months ended June 30, 2014 was GBP 112.6 million, compared to GBP 78.6 million for the same period ended June 30, 2013.
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