SPRINGNEWSNG, March 9, 2025

In a groundbreaking deal, Nigerian billionaire Adebayo Ogunlesi’s Global Infrastructure Partners (GIP) has secured the acquisition of Panama Canal ports for nearly $23 billion. This acquisition follows closely after GIP’s recent purchase of a major UK airport, reinforcing Ogunlesi’s influence in global infrastructure.

Acquisition Detailshttp://GIP’s recent purchase of a major UK airport, reinforcing Ogunlesi’s influence in global infrastructure. Acquisition Details

Hong Kong-based conglomerate CK Hutchison Holdings has agreed to sell its shares in Hutchison Port Holdings and Hutchison Port Group Holdings to a consortium led by GIP, in collaboration with Terminal Investment Limited (TIL). The deal, valued at approximately $23 billion, includes $5 billion in debt. This transaction will grant the BlackRock-backed consortium control over 43 ports in 23 countries, including major hubs in Panama, Mexico, the Netherlands, Egypt, Australia, and Pakistan.

Strategic Importance of the Panama Canal Ports

The Panama Canal serves as a crucial maritime passage, with around 70% of its sea traffic involving U.S. ports. The canal, originally constructed by the United States in the early 1900s to facilitate commercial and military transit, was transferred to Panama’s control on December 31, 1999, following the Torrijos-Carter Treaties signed in 1977.

Ogunlesi’s Growing Wealth and Global Influence

Adebayo Ogunlesi has firmly positioned himself among the world’s wealthiest individuals. Forbes currently estimates his net worth at $1.7 billion, securing his spot as Nigeria’s fifth billionaire. Bloomberg previously projected Ogunlesi’s net worth to reach $2.3 billion following a separate $12 billion deal with BlackRock Inc.

GIP’s Expanding Portfolio

The acquisition of Panama’s ports further cements GIP’s status as a dominant force in infrastructure investment. The firm recently finalized a $12.5 billion deal with BlackRock, creating a leading multi-asset infrastructure platform with over $150 billion in assets under management. This deal included $3 billion in cash and 12 million BlackRock shares valued at $9.5 billion.

Ogunlesi’s Distinguished Career

Adebayo Ogunlesi’s career spans decades in high finance and infrastructure investment. He previously served as Lead Director at Goldman Sachs and held board positions at Callaway Golf Company, Kosmos Energy Holdings, Terminal Investment Limited, and Freeport LNG. He spent 20 years at Credit Suisse before co-founding GIP, which has since grown into the world’s largest independent infrastructure manager, overseeing over $100 billion in assets.

A New Era for African Billionaires

Ogunlesi’s recent achievements highlight Africa’s growing influence in global business. With his latest acquisition, he joins the ranks of the most influential infrastructure investors, further solidifying his legacy in the financial world. His leadership at GIP continues to drive transformative investments in global transportation, natural resources, and power generation.

As Ogunlesi and his team steer GIP’s future endeavors, his latest move signifies not just personal financial success but also Africa’s increasing role in shaping global economic landscapes.