Business NewsMarketWire • Canada Pension Plan Investment Board to Acquire Stake in Homeplus

Canada Pension Plan Investment Board to Acquire Stake in Homeplus

Canada Pension Plan Investment Board to Acquire Stake in Homeplus

TORONTO, ONTARIO--(Marketwired - Sept. 7, 2015) - Canada Pension Plan Investment Board ("CPPIB") today announced that it has signed an agreement to acquire a stake of approximately 21.5% in Homeplus, Tesco's South Korean business, for US$534 million. CPPIB made this acquisition as part of a consortium led by MBK Partners. The total transaction value is approximately US$6 billion.

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