CPP Investments acquires stake in Iguá

CPP Investments acquires stake in Iguá

Corporate & Sovereign Strategy Equity M&A Latin America South America Brazil Canada Water & Sewage

Canada Pension Plan Investment Board, known as CPP Investments, said Monday that it agreed to spend BRL1.18 billion ($214 million) for 45% of Brazilian water and sewage company Iguá Saneamento. CPP Investments will make an initial payment of BRL514 million to buy shares in Iguá and a "secondary investment" of BRL664 million at a later date, the Toronto-based pension fund manager said in a press release. CPP Investments will acquire the stake from through the investments funds FIP Iguá and FIP Ma

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