CPPIB, PSP among bidders vying for Morgan Stanley gas network: Reuters
Three bidding groups have entered the second round in the race for Spanish natural gas distributor Madrileña Red de Gas, owned by Morgan Stanley, sources told Reuters. Canada Pension Plan Investment Board is bidding alongside Allianz and Abu Dhabi Investment Authority for the asset, estimated to be worth between 1.2 billion euros (US$1.3 billion) and 1.8 billion, including debt. Public Sector Pension Investment Board and Arcus have also teamed up to make an offer.
5 March 2015•2 mins read
