Canadian funds among bidders for German metering firm Ista: Reuters
Hong Kong's CK Infrastructure is vying with Canadian investors to buy German metering and energy management group Ista, which could be worth more than 4.5 billion euros (US$5 billion), sources told Reuters. CKI is competing with Canada Pension Plan Investment Board, which already owns a minority stake in Ista and has tied up with the Blackstone Group to make a bid for the full company. Brookfield Asset Management and Ontario Teachers' Pension Plan also submitted a bid, the sources said. Caisse de dépôt et placement du Québec and Kuwait's Wren House Infrastructure had also expressed interest, but it remained unclear whether they placed offers. Ista is currently owned by European buyout group CVC Capital Partners, which bought it in 2013.
21 June 2017•2 mins read
