Caisse buys $155 mln stake in India’s TVS Logistics Services: Reuters
Canada's No. 2 pension fund, Caisse de depot et placement du Quebec (CDPQ), has acquired a minority stake worth US$155 million in India's TVS Logistics Services Ltd, Reuters reported. The Canadian pension fund will buy most of the stake currently held jointly by Goldman Sachs and Kohlberg Kravis Roberts & Co, while parent TVS Group's management will acquire the rest. Earlier this month, CDPQ partnered with Indian financial services firm Edelweiss Group and said it planned to invest up to US$700 million over the next four years in stressed assets and private debt opportunities in India.
19 October 2016•1 min read
