Manulife Joins Consortium Acquiring Montreal Gateway Terminals Partnership at Port of Montreal

TORONTO - Manulife together with four Quebec-based institutional investors acquired an equity interest in Montreal Gateway Terminals, which operates two of the three international container terminals at the Port of Montreal. The transaction closed on March 5th. The seller was Morgan Stanley Infrastructure Partners.

Led by Fiera Axium Infrastructure, the consortium of Quebec investors also includes Desjardins, via its insurance subsidiaries and its Pension Plan, Fonds de solidarite des Travailleurs du Quebec, and Industrial Alliance.

"Manulife is pleased to invest alongside such highly regarded, long-term oriented Quebec investors," said Warren A. Thomson, Senior Executive Vice President and Chief Investment Officer of Manulife and Chairman, Manulife Asset Management. "We are committed to investing in the province, due to our positive outlook for the Quebec economy."

"Given the terminals' critical role in the international container trade which continues to expand and the long life of this asset, the investment is an ideal addition to Manulife's infrastructure investment portfolio," he noted.

The Port of Montreal is the second largest shipping port in Canada. With very efficient rail links and its location on the Trans-Canada Highway network, Port of Montreal is strategically located to efficiently serve importers and exporters in regions including Quebec, Ontario and the Midwestern and Northeastern United States.

The Exchange Morning Post is a free business news service. As market changes are becoming more noticable and more frequent it is more important than ever to know what's going on and whose behind it; where there from, who backs them etc.. We stand for good business, global economic shifts affect everyone, they can as easiliy open up opportunities, as take them away. Changes on the other side of the world ripple quickly through the oceans to change, hopefully improve, life style here. Please consider making a small donation to help keep this business and market news service continue in the tradition that it has served for 32 years. Thanks in advance, your contribution is appreciated.
Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2015. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.

Exchange Magazine for Business
Subscription options:

Exchange Magazine Paper Version
Exchange Magazine - Digital version





Subscription Options