UK development investment agency to resume joint investments with DP World
LONDON, Feb 13 (Reuters) - The UK development investment agency British International Investment welcomed on Friday DP World's appointment of a new chief executive, saying it would resume investment alongside the Dubai-based ports operator.
"We welcome today's decision by DP World and look forward to continuing our partnership to advance the development of key African trading ports to unlock the continent’s global trading potential," a spokesperson for BII said.
BII had earlier this week halted new investment with DP World over former chief executive Sultan bin Sulayem's alleged ties to Jeffrey Epstein.
La Caisse, Canada's second-largest pension fund, which had also suspended new investment with DP World over the allegations, said on Friday it would "move quickly" to work with Yuvraj Narayan, DP World's new CEO, to continue their partnership on port projects worldwide.
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