CPPIB earns $250 mln with sale of stake in Faery Estates
Canada Pension Plan Investment Board (CPPIB) has sold its interest in Faery Estates Private Ltd, the owner and operator of SP Infocity, a Chennai, India-based information technology park. The net proceeds to CPPIB were about $250 million. The sale was made by SPREP Pte Ltd, which acquired shares in Faery Estates in 2015. CPPIB was the vehicle's majority investor. The buyer of the stake was Mapletree Investments Pte Ltd, the real estate investment arm of Singapore sovereign wealth fund Temasek Holdings.
10 December 2018•4 mins read
