Caisse de dépôt et placement du Québec told The Logic the Dubai-based port operations giant “took the appropriate measures” after its former CEO Sultan Ahmed bin Sulayem was revealed to have corresponded extensively with the late convicted sex offender Jeffrey Epstein. (The Logic)
Talking point: Caisse paused new business with DP World last week, following the latest release of Epstein emails that included numerous email exchanges with bin Sulayem, including about plans to gain First Nations support for a B.C. terminal expansion. The Quebec pension fund is one of DP World’s biggest financial partners. Its Canadian subsidiary operates five container terminals, and is slated to run a large new terminal at the Port of Montreal. “We will move quickly to work with DP World’s new leadership to continue our partnership on port projects around the world,” said Caisse spokesperson Jean-Benoit Houde.
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