CPP Investments expands energy JV with Votorantim

CPP Investments expands energy JV with Votorantim

Corporate & Sovereign Strategy Funds Equity IPO M&A Brazil Capital Markets Energy

Canada Pension Plan Investment Board, known as CPP Investments, said it will invest BRL1.5 billion ($269 million) in VTRM, a joint venture with Brazilian conglomerate Votorantim, to develop renewable energy projects. "We do not see this as a one-time consolidation, but really as a platform for growth to further invest in the sector," Rodolfo Spielmann, head of Latin America at CPP Investments, told LatinFinance. "We are preparing that company for future growth in new ventures and new sources of

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