TD Asset Management, Fair Market Value Capital Partners Buy Stake in Italian Port Operator
By Robb M. Stewart
Toronto-Dominion Bank's asset-management arm and investment firm Fair Market Value Capital Partners have jointly bought a minority stake in PSA Italy, the operator of three container terminals in the Port of Genoa and Port of Venice that serve northern Italy.
TD Asset Management and FMV Industrial Infrastructure Fund I, which is advised by Fair Market Value Capital Partners, together bought a 28% interest in the port operator from PSA International.
The deal received unconditional clearance from the Italian government. The terms of the acquisition weren't disclosed.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
March 18, 2024 07:30 ET (11:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth