Ending months of negotiations, SoftBank agreed last weekend to sell its entire 80% holding in SB Energy Holdings to Canada Pension Plan Investment Board (CPPIB) for $425 million. An additional $100 million will be paid subject to future outcomes, said people aware of the development. The sale price is much below the $800 million book […]
Canada’s CPPIB to invest up to $600 million in Indian infrastructure fund
The deal includes a commitment of $150 million in NIIF’s Master Fund and co-investment rights of up to $450 million in future opportunities to invest alongside the Master Fund Canada’s biggest public pension fund is investing up to $600 million in India’s National Investment and Infrastructure Fund (NIIF), as it seeks to grow its infrastructure […]
Piramal, CPPIB team up for $600 mn renewable energy InvIT
Billionaire Ajay Piramal-led Piramal Enterprises Ltd and Canada Pension Plan Investment Board (CPPIB) have signed an initial pact to co-sponsor a renewable energy-focussed Infrastructure Investment Trust (InvIT). The InvIT will have an initial corpus of $600 million (Rs 4,160 crore) with an option to increase it further, Piramal said in a statement. The Canadian pension […]