CPPIB, Allianz buy into Indian infrastructure trust set to list: Reuters
Canada Pension Plan Investment Board (CPPIB) and Allianz Capital Partners have agreed to take 55 percent of the units in an infrastructure investment trust backed by a subsidiary of India's Larsen & Toubro Ltd, Reuters reported. L&T Infrastructure Development Projects Ltd (IDPL) is scheduled to list on the market this week. CPPIB will invest US$154.68 million for its 30 percent stake in IDPL, it said in a joint statement with Allianz. Allianz Capital Partners, on behalf of Allianz insurance companies, will buy 25 percent of the units in its first direct investment in Asia.
9 May 2018•2 mins read
