bcIMC Sells 5% Stake in Spain’s CLH to APG
Posted on 05/25/2017
APG Infrastructure, a unit of APG Asset Management, purchased a 5% stake in Compañía Logística de Hidrocarburos SA (CLH) from British Columbia Investment Management Corporation (bcIMC). Earlier this week, Macquarie inked a deal to buy a 20% stake in CLH from AMP Capital and Oman Oil Company. CLH is the biggest owner and operator of pipelines in Spain.
Borealis, a unit of Ontario Municipal Employees Retirement System (OMERS), holds a 24.77% stake in CLH, while CVC Capital Partners holds a 25% ownership stake in CLH.
APG Asset Management oversees the assets of Stichting Pensioenfonds ABP.