Caisse de dépôt to buy 44 pct stake in Australia's Greenstone

Caisse de dépôt et placement du Québec has agreed to acquire a 44 percent interest in Greenstone Ltd, an Australian designer, marketer, distributor and administrator of personal insurance products. No financial terms were disclosed. Established in 2007, Sydney-headquartered Greenstone is led by Founders Richard Enthoven and Gavin Donnelly, who will remain the company's majority shareholders. Caisse de dépôt has been active in Australia since 2012 and opened an office there last year. Its recent Australian deals include last November's investment in the 99-year lease of TransGrid, an electricity transmission network operator.

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