CPPIB to invest $570 mln in LongPoint Minerals: Reuters
The Canada Pension Plan Investment Board said it will invest $570 million in LongPoint Minerals LLC, a company that invests in oil and gas mineral and royalty interests in the United States, Reuters reported. CPPIB, which is Canada's biggest public pension fund, said the investment will be deployed over two to three years and will give it a majority stake in Denver-based LongPoint. The company will acquire oil and natural gas mineral royalty interests in the lower 48 U.S. states.
8 June 2016•1 min read
