PGGM, Olmar partner to target European port logistics infrastructure
Dutch pension fund manager PGGM and Olmar have acquired the first asset for a newly created European port infrastructure investment venture.
PGGM said it will hold a controlling interest in the new joint venture with the founders of logistic service provider Olmar holding the remaining interest.
For the maiden deal, the partnership has invested an undisclosed amount to buy a storage and transhipment facility of the seaport near the Finnish city of Pori.