Staff
The Canada Pension Plan Investment Board (CPPIB) and PSP Investments are both considering buying a 25% interest in U.K.-based Arqiva, according to a report.
The Financial Times reports that both pension funds are expected to compete against each other to buy the stake that’s being sold by Macquarie.
The sale of the interest could be worth as much as $1 billion. The selling process is expected in the next few months.
The CPPIB already owns 48% of Arqiva, which owns and operates both broadcast transmission and wireless network towers.
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