Canadian pension funds to exit UK's Associated British Ports in 10 billion pounds deal, FT reports

Feb 5 (Reuters) - Two Canadian pension funds plan to sell their stakes in Associated British Ports in a deal that they hope will value the UK's biggest ports operator at more than 10 billion pounds ($13.63 billion), the Financial Times reported on Thursday.

The Canada Pension Plan Investment Board (CPPIB), which holds 34% of ABP, and the Ontario Municipal Employees Retirement System (OMERS), which owns 33%, have hired Morgan Stanley MS.N to explore a sale of their stakes, the newspaper said.

Reuters could not immediately confirm the report.

($1 = 0.7339 pounds)