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 )
to explore a sale of their stakes, the newspaper said.
Reuters could not immediately confirm the report.
($1 = 0.7339 pounds)
(Reporting by Nilutpal Timsina in Bengaluru; Editing by
Subhranshu Sahu)