US EditionCPP Investments Upps Stake in Spanish Firm for $1.6 Billion
7 Articles
7 Articles
CPP Investments upps stake in Spanish firm for $1.6 billion
TORONTO — The Canada Pension Plan Investment Board says it’s paying $1.6 billion to boost its stake in a Spanish-based environmental services company. The pension fund manager says the investment will increase its holdings by 25 per cent in FCC Servicios Medio Ambiente Holding, S.A.U. to leave it with 49.99 per cent ownership of the […]
Freshfields on the 25% purchase of FCC Medio Ambiente valued €1bn
Freshfields has advised Canada Pension Plan Investment Board (CPPIB) on the acquisition of 25% of the share capital of FCC Servicios Medio Ambiente Holding (FCC Enviro) from Fomento de Construcciones y Contratas (FCC) valued at €1bn. CPPIB is a Canadian-based government pension fund that invests in private equity and real estate through external funds and direct investments. The Canadian pension fund acquired a stake in FCC Enviro in 2023 when i…
FCC has signed an agreement to sell 25% of its environmental subsidiary (FCC Enviro) to CPP Investments, a Canadian pension fund, in an operation valued at 1 billion euros, as the company has communicated to the National Securities Market Commission (CNMV). Specifically, FCC will maintain most of the shares of FCC Enviro [...] The FCC ticket sells 25% of its environmental subsidiary to CPP Investments for 1 billion euros appears first in Forbes …
FCC has agreed to sell 25% of its environmental subsidiary to CPGDP for 1 billion euros, according to the company in a relevant event sent to CNMV. Read
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
