March 23, 2021 |
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
Canadian pension fund agrees to spend $214 mln for 45% of the Brazilian water company