FMC Commissioners request review of CPP acquisition of Ports America

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Two Federal Maritime Commissioners have raised concerns about the planned acquisition of Ports America by the Canada Pension Plan Investment Board (CPP Investments), which has previously been a minority investor in the company. In a letter to Janet L Yellen, Secretary of the Treasury Department of the Treasury, they voice their concern on the potential investment proposed by the Canada Pension Plan Investment Board (CPP Investments) to acquire 100% ownership of Ports America and request the Committee on Foreign Investment in the United States (CFIUS) exercise its authority and launch a full and thorough review of the national security implications of Ports America’s acquisition by the Canada Pension Plan Investment Board.  The letter also notes concerns around Canadian Pacific Railway’s access through the proposed acquisition of Kansas City Southern.

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