BOOM: Sovereign Funds and Canadian Pensions Acquire Stake in UK Mobile Company
On May 7th, the Canada Pension Plan Investment Board (CPPIB) made public that they signed a deal to purchase an approximate 12% stake, by investing £1.1 billion alongside Hutchison Whampoa Limited, in a holding company that will be created by merging O2 U.K. and Three U.K. The holding company is called Hutchison 3G UK Holdings (CI) Ltd. Hutchison Whampoa is controlled by Hong Kong billionaire Li Ka-shing. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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