CPPIB Takes Stake in Gassled Joint Venture

A consortium of investors including CPPIB has completed the acquisition of a 24.1% stake in the Gassled Joint Venture from Statoil ASA. The buyer is Solveig Gas Norway AS, a holding company that is approximately 40% owned by CPPIB; 30% by Allianz Capital Partners, a subsidiary of Allianz SE; and 30% by Infinity Investments SA, a wholly owned subsidiary of the Abu Dhabi Investment Authority. The total value of the transaction is approximately C$3.18 billion.

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