One of the largest infrastructure managers invests in Associated Danish Ports (ADP)
· Brookfield to become a minority shareholder in ADP.
· Total capital injection of DKK 700 million
· Accelerates ambition for ADP to become one of the leading port companies in the Nordic region.
Associated Danish Ports (“ADP”) today announced that Brookfield Asset Management (“Brookfield”) will acquire a 14.1 percent stake in the business and become a minority shareholder. Brookfield will inject DKK 700 million (c.$110 million) into ADP, which consists of a combination of loan and share capital. The capital will be used to accelerate ADP’s growth and support its ambition of becoming a leading port company in the Nordic region.
Brookfield has extensive experience in developing international port and infrastructure projects and will work closely with ADP to further develop the company's strategy and to support its growth plan. With the addition of Brookfield’s investment, ADP will continue to work to find opportunities for growth in the form of targeted investments on its existing footprint by forming strategic partnerships with port and infrastructure companies in Denmark and the Nordic region.
ADP owns and operates the Port of Fredericia, the Port of Nyborg, and Taulov Dry Port and is expanding rapidly. Current projects include the expansion of the Fredericia container terminal, the expansion of the Port of Nyborg, a significant expansion of Taulov Dry Port, and an investment into the Port of Hanstholm, which will be consolidated into ADP as of August 1, 2025. In addition, the company is playing a leading role in the green transition and is working to establish partnerships with both TotalEnergies and Evida on CO2 storage.
ADP is a growth engine in Southern Denmark and today, with all its activities, supports around 9,000 full-time positions in Denmark. ADP expects its turnover to more than double within 8-10 years, significantly increasing employment and adjacent opportunities in the municipalities where ADP operates.
Christian Herskind, Chairman of the Board of ADP, states:
“ADP is a growth engine for the owner municipalities and the rest of the region, and the effects from our activities spread like ripples in the water with the ports and Taulov Dry Port as a starting point. This provides an economic gain for the owner municipalities in the form of jobs, tax revenues, an active business community, settlement and much more. ADP is a solid and financially sustainable company today, and Brookfield’s investment can support ADP's further development to the greater benefit of the owner municipalities – be it in the form of socio-economic effects and in the form of a significantly higher dividend to the owners in the coming years.”
Rune D. Rasmussen, CEO of ADP says:
“Developments in the infrastructure and logistics market are moving faster than ever, and if we are to maintain Denmark's position as a strong import and export nation, the Danish ports must keep up with the foreign ports. In addition, ADP can ensure future growth across existing and new business areas. We are thus creating the foundation to allow ADP to develop into one of the leading port companies in the Nordic region. In addition, we will be provided with capital, competencies and experience that can support ADP moving into an unprecedented period of development for a Danish port company.”
Vice chairman and owner representative of ADP, Christian Bro, Mayor of Fredericia, states: “Both Nyborg and Fredericia municipalities want to ensure the development of our companies in the future, so that jobs and municipal revenue base are solid and growing. With Brookfield as co-owner of ADP, we now have a strong partner to help us drive towards further local and regional growth, offering further opportunities for the municipalities' citizens and other companies. We retain control, but are provided with capital and strong external competencies, so that our company can continue to develop and grow.”
Keshav Bhojania, Managing Director in Brookfield's Infrastructure Group says:
“We are pleased to partner with ADP to accelerate the growth and development of the business into one of the leading port operators in the Nordics. Brookfield has been operating critical infrastructure, including ports, for several decades, and will use this experience as an owner and operator in the sector to support and accelerate ADP’s growth trajectory.”
Who is Brookfield?
Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Brookfield invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy.
Brookfield is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors. Brookfield has investments in a number of port operators across the globe, including in the United States, Australia, South America and the United Kingdom.
Brookfield is investing in ADP through its Brookfield Infrastructure Structured Solutions (BISS) strategy, which focuses on partnering with sponsors, developers, and corporates in the mid-market. BISS invests in sectors where Brookfield has established operations and significant asset expertise, drawing on the firm’s capabilities as an owner and operator of global infrastructure assets.
ADP's ownership structure
ADP was established in the year 2000 and has until now been inter-municipally owned. During 2025, Brookfield will become a minority shareholder:
- Fredericia Municipality: 76.5 percent
- Nyborg Municipality: 9.1 percent
- Middelfart Municipality: 0.3 percent
- Brookfield: 14.1 percent
ADP's board composition
ADP's board of directors consists of three professional board members, three owner representatives and three employee-elected representatives. When Brookfield joins the ownership group, the board will be expanded to include one seat for Brookfield.
Current composition of the Board of Directors
Professional Board Members:
- Christian Herskind, Chairman of the Board
- Birgit Nørgaard, Board member
- Gert Fisker Tomczyk, Board Member
Owner representatives:
- Christian Bro (S), Vice Chairman, Mayor of Fredericia Municipality,
- Tommy Rachlitz Nielsen (C), Board Member, Chairman of the Climate, Energy and Environment Committee Fredericia Municipality
- Kenneth Muhs (V), Board Member, Mayor Nyborg Municipality
Employee representatives:
- Leif Salling, Board member
- Lars Hansen, Board member
- Jan Nielsen, Board member
In addition, Brookfield will have the right to nominate one representative to the Board.
Contact owner representatives:
The owner representatives on ADP's Board of Directors: Christian Bro (S), Mayor of Fredericia Municipality, Tommy Rachlitz (C), Chairman of the Climate, Energy and Environment Committee, Fredericia Municipality, and Kenneth Muhs (V), Mayor of Nyborg Municipality, have, due to their board positions in ADP, been disqualified when the decision on a new co-owner was to be made in the city council halls. The owner representatives can be contacted at the following numbers:
- Christian Bro: Email: christian.bro@fredericia.dk, Tel.: +45 20 85 01 92
- Tommy Rachlitz: Email: tommy.r.nielsen@fredericia.dk, Tel.: +45 42 94 95 70
- Kenneth Muhs: Email: kmu@nyborg.dk, Tel.: + 45 21 59 99 66
Contact:
If you would like more information from ADP about the new ownership, please contact Mads Bisp Agersnap, Press Manager at ADP, by e-mail: MBA@ADP-AS.dk or by phone number: 29 69 20 88
Brookfield:
John Hamlin
Tel: +44 204 557 4334
Email: john.hamlin@brookfield.com