CPPIB buys 21.5% stake in Homeplus for $534 million

Canada Pension Plan Investment Board has agreed to buy a roughly 21.5 percent stake in Homeplus for $534 million. CPPIB said the investment is part of a consortium deal led by MBK Partners. Tesco agreed to sell Homeplus, its South Korean business, to a group led by MBK for $6.1 billion, Reuters News reported.

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