Business News • MarketWire • CPP Investment Board Completes Acquisition of 24.1% Stake in Gassled Alongside Two Consortium Partners |
CPP Investment Board Completes Acquisition of 24.1% Stake in Gassled Alongside Two Consortium Partners |
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CPP Investment Board Completes Acquisition of 24.1% Stake in Gassled Alongside Two Consortium Partners
TORONTO, ONTARIO--(Marketwire - Feb. 1, 2012) - CPP Investment Board (CPPIB) announced today that a consortium including CPPIB has completed the acquisition of a 24.1% stake in the Gassled Joint Venture (Gassled) from Statoil ASA. The consortium entered into an agreement to acquire this stake in June 2011.
The buyer is Solveig Gas Norway AS, a holding company that is approximately 40% owned by CPPIB, 30% by Allianz Capital Partners, a subsidiary of Allianz SE, and 30% by Infinity Investments SA, a wholly owned subsidiary of the Abu Dhabi Investment Authority. The total value of the transaction as announced on June 6, 2011 is NOK 17.35 billion or approximately C$3.18 billion.
View More : http://www.marketwire.com/mw/release.do?id=1613716&sourceType=3
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