Reuters - CPPIB Invests in Motor Racing
Canada Pension Plan Investment Board, one of the country's top pension fund managers, on Friday outlined two major investments in the world of professional motor racing. CPPIB, known for staid investments in infrastructure projects, shopping centres, private equity firms and the like, said it had stuck a deal to buy a big stake in motorcycle grand prix organiser Dorna and was also financing a large chunk of a loan to Formula One Group, Reuters wrote. The pension fund manager said it had signed an agreement to acquire a 39 percent stake in Dorna - organiser of MotoGP events and the FIM World Superbikes Championship - from private equity firm Bridgepoint.
29 October 2012•3 mins read
