Null reference error in ContentDependencyPropagator

Description

When trying to startup a new commerce site the migration step fails because of event handler registered by ContentDependecyPropagator

2020-06-24 13:02:53,480 [1] ERROR EPiServer.Commerce.Internal.Migration.MigrationProgressMessenger: Migration step "Set catalog root access rights" failed with error: System.NullReferenceException: Object reference not set to an instance of an object.
at EPiServer.Core.Internal.ContentCacheKeyCreator.CreateChildrenCacheKey(ContentReference contentLink, String languageID)
at EPiServer.ContentApi.Core.OutputCache.Internal.ContentDependencyPropagator.ContentSecuritySaved(Object sender, ContentSecurityEventArg e)
at System.EventHandler`1.Invoke(Object sender, TEventArgs e)
at EPiServer.ChangeApproval.UI.Implementation.SecuritySettingCommandService.Save(IContentSecurityRepository contentSecurityRepository, ContentReference contentReference, IContentSecurityDescriptor contentSecurityDescriptor, SecuritySaveType securitySaveType)
at EPiServer.ChangeApproval.UI.Implementation.SecuritySettingIntercept.Save(ContentReference ContentLink, IContentSecurityDescriptor contentSecurityDescriptor, SecuritySaveType securitySaveType)
at EPiServer.Commerce.Internal.Migration.Steps.SetRootAccessControlEntriesStep.Execute(IProgressMessenger progressMessenger)
at EPiServer.Commerce.Internal.Migration.MigrationManager.MigrateStep(IMigrationStep migrationStep)