Public Funds Bet on XPO Logistics
Greenwich-based XPO Logistics, which is publicly-traded on the NYSE, has drawn interest from a pool of public sector capital. Ontario Teachers’ Pension Plan (OTPP), Canada’s Public Sector Pension Investment Board (PSP Investments) and Singapore’s GIC Private Limited have agreed to invest US$ 700 million into XPO for an approximate 21% equity stake. The investment will be in the form of common stock and preferred stock, being subject to the approval of XPO’s current shareholders. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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