Reuters - CPPIB to Buy Stake in Brazil's Aliansce for $480M
Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 27.6 percent stake in Brazil's Aliansce Shopping Centers SA from Chicago's General Growth Properties Inc. for US$480 million, Reuters reports. The deal is expected to close later this year. Rio de Janeiro-based Aliansce is focused on owning, managing and developing shopping centers. CPPIB already owns a real estate portfolio in Brazil, which was valued at more than $900 million prior to this deal.
2 August 2013•2 mins read
