PSP Investments to buy TDF's French arm for 3.5 billion euros: Reuters

Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms masts group TDF in a deal worth about 3.5 billion euros (US$4.40 billion), sources told Reuters. The transaction will help TDF's owners - private equity funds TPG, Charterhouse, Ardian and state bank Bpifrance - to repay almost all of the group's debt. PSP's investment partners in the acquisition are said to include Brookfield Asset Management.

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