Canada’s biggest pension fund manager CPP Investments (CPPIB) has initiated preliminary discussions with investment banks to explore the possibility of launching a tender offer to acquire the minority shareholders of Nasdaq listed renewable energy company ReNew Energy Global, which operates one of India’s biggest renewable energy platform – ReNew Power, said a person in the […]
CPPIB to buy Goldman’s 14% stake in ReNew Energy Global for about $268 million – EQ Mag
New Delhi: Canada Pension Plan Investment Board (CPPIB) has become the majority owner of ReNew Energy Global plc with it agreeing to buy $268.6 million worth of shares from Goldman Sachs. The transaction was completed at a per-share price of $4.8, according to a recent regulatory filing. Post the transaction, CPPIB owns over 76 million […]
Masdar, CPPIB among those seeking stake in Iberdrola’s 1.4 bln euro German wind farm – EQ Mag Pro
LONDON : Abu Dhabi’s Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola’s German offshore wind farm in a deal that will value the project known as Wikinger at 1.4 billion euros, a source close to the matter told Reuters. Infrastructure funds InfraRed and EIP are […]
Royal Dutch Shell in the race for Actis’ green company Sprng Energy – EQ Mag Pro
Oil and fuel main Royal Dutch Shell has emerged as a shock bidder to amass Sprng Energy, the Indian renewable platform of Actis Llp that’s on sale, mentioned individuals conscious of the matter. Shell, the world’s largest dealer of liquefied pure fuel, will probably be competing with Australian infrastructure fund Macquarie and Canadian pension fund […]
Canada Pension Plan Investment Board Eyes Assets in Shift to Clean Energy
TORONTO: The Canada Pension Plan Investment Board (CPPIB) is hunting for investments in the world’s transition to renewable energy as it aspires to be a global leader in sustainability, the head of the company told Reuters on Thursday. “One of the keys here is investing in the transition with a view that for the world […]
Adani Green Energy Share Surges as Firm Checks to Buy SoftBank’s Majority Stake in SB Energy
Adani Green Energy Limited (AGEL) share hit the upper circuit of five per cent on May 17, 2021. The hit was recorded amidst the reports saying that the firm was checking a proposal to purchase Japan’s SoftBank Group’s majority stake in solar power producer SB Energy. On BSE, the stock opened at a gain of […]
CPPIB Sees ‘Wall of Money’ Chasing Private Deals in Frothy Times
Canada fund ratchets up bet on infrastructure, private assets Blankfein’s words of warning led to a new approach to risk Global equity markets are on fire, reaching $100 trillion in value. Low-rated junk bonds have had an epic rally. Tech IPOs are in such hot demand that AirBnb Inc. is worth more than Goldman Sachs […]
Brookfield, CPPIB, NIIF in race to buy Mahindra’s 600MW solar assets
Mahindra has received offers from six financial investors including Brookfield, Edelweiss, CPPIB and NIIF. It will be shortlisting three bidders for the final round of negotiations Brookfield, Canada Pension Plan Investment Board (CPPIB), National Investment and Infrastructure Fund (NIIF) and Edelweiss Yield Plus Infrastructure Fund are among half a dozen investors in discussions to acquire […]
CPPIB looks to go big on ReNew as Goldman cuts stake
MUMBAI : Canadian Pension Plan Investment Board (CPPIB) is closing in on ReNew Power to double down on its biggest clean energy bet in the country and become the single largest shareholder, said people with knowledge of the matter. The move follows several months of negotiations. The transaction, once complete, will give principal shareholder Goldman […]
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 […]