Latest CPP Investment Board Stories
INDIANAPOLIS, Feb. 14, 2013 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN) announced today that David Denison has been appointed to its Board of Directors. (Logo: http://photos.prnewswire.com/prnh/20120702/DE33547LOGO ) "We are delighted that David has agreed to join our Board of Directors," said Lawrence E. Dewey, Chairman of the Board of Directors. "His financial acumen and business perspectives will be of great value to Allison and we look forward to his...
redOrbit Staff & Wire Reports - Your Universe Online Microsoft is in discussions with private-equity firm Silver Lake Partners and Dell-founder Michael Dell to purchase a stake in the computer maker from public stockholders, according to multiple media reports citing sources familiar with the talks. Silver Lake is one of the main sponsors in talks with Dell to help bring the company private. Although Microsoft hasn’t yet committed to such a deal, the buyout reportedly includes...
SYDNEY, Aug. 29, 2012 /PRNewswire-Asia/ -- Goodman Group (Goodman or Group) and Canada Pension Plan Investment Board (CPPIB) are pleased to announce that they have increased their equity allocation to Goodman China Logistics Holding (GCLH) by an additional US$500 million, with US$400 million contributed by CPPIB and US$100 million by Goodman. GCLH was formed in 2009 to invest in high quality logistics properties in prime locations across mainland China. As of June 30, 2012, GCLH has...
HONG KONG, May 17 /PRNewswire-Asia/ -- Goodman Group (Goodman or the Group) and the Canada Pension Plan Investment Board (CPPIB) are pleased to announce that they have expanded their relationship through the establishment of a new fund, the Goodman Australia Development Fund (GADF or the Fund). The key points relating to GADF are: -- An initial equity commitment to the Fund of A$250 million with a target gross asset value of approximately A$400 million -- The Fund...
SAO PAULO, Aug. 10 /PRNewswire-FirstCall/ -- Cyrela Commercial Properties S/A ("CCP") (Bovespa: CCPR3) formed today a joint venture ("JV") with GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation ("GIC Real Estate") and CPPIB US RE-A, INC, subsidiary of the Canada Pension Plan Investment Board, ("CPPIB") in order to invest in the commercial properties market in Brazil. The JV will have an initial committed capital of USD 400...
Canada's opposition parties are challenging why senior managers with the Canada Pension Plan will receive bonuses after losing $13.8 billion in nine months. The CPP is akin to the U.S. Social Security program, and as of March 31, was valued around $100 billion, 13.7 percent lower than it was nine months earlier, the Globe and Mail reported. However, at a Parliamentary finance committee meeting in Ottawa Tuesday, investment board Chief Operating Officer Benita Warmbold said the amount awarded...
Canada's federal pension plan for citizens lost $8.5 billion in the last three months of 2008 because of global equity declines, officials said. In a statement, David Denison, president and chief executive officer of the Canada Pension Plan Investment Board, said the second consecutive quarterly loss means the CPP's assets are now $18.8-billion less than where they stood on June 30, the Globe and Mail reported. Sharp declines in global equity markets, especially in October and November,...
Puget Sound Energy, utility subsidiary of Puget Energy (NYSE:PSD), and Puget Holdings LLC, a consortium of long-term infrastructure investors committed to supporting and strengthening Washington's oldest and largest energy utility, today announced that their proposed merger will immediately benefit PSE customers by providing $100 million in rate credits and reduced costs. In testimony scheduled to be filed later this afternoon with the Washington Utilities and Transportation Commission...
PLANO, Texas, Jan. 21 /PRNewswire/ -- Legacy Hospital Partners, Inc. (Legacy), a privately held hospital company that will own, operate and manage acute care hospitals in small cities and in select urban markets throughout the United States, commenced business today. Dan Moen, Legacy chief executive officer, said the Plano, Texas-headquartered company will proceed with a unique strategy of acquiring hospitals through joint ventures with not-for- profit hospital companies. Legacy is owned by...
