Morgan Stanley's infrastructure investment arm has put Montreal Gateway Terminals Partnership, a cargo container facility at the Port of Montreal, on the block, according to people familiar with the matter.
The business, known as MGT, could fetch more than US$800 million, according to one of the people, reported Dow ones Newswires.
The Port of Montreal, Canada's second-largest port, is positioned closer to key European ports than rival terminals along the US East Coast. MGT handles about 57 percent of all container traffic at the port.
Cargo is transported away from the terminals by Canadian National Railway and Canadian Pacific Railway, which have links to US railroads, as well as highways that lead to Quebec, western Canada and the US.
Morgan Stanley Infrastructure Partners first invested in MGT in 2007, when it bought an 80 percent stake from Germany's TUI. Last year, it bought the remaining 20 percent stake from Hapag-Lloyd, TUI's container shipping unit.
Sadek Wahba and Ron Lepin, the two Morgan Stanley Infrastructure managing directors who led the initial MGT investment, have since founded their own infrastructure funds, I Squared Capital and Bastion Infrastructure Group, respectively.
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