Deals
Canadian Fund Said to Buy 50% of Europe’s Biggest Retail Center
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Canada Pension Plan Investment Board agreed to buy a 50 percent stake in Europe’s largest retail complex, CentrO near Dusseldorf, Germany, for about 700 million euros ($949 million), according to three people with knowledge of the transaction.
Canada’s second-largest public pension manager signed a contract to purchase the stake from British billionaire property developer Eddie Healey, according to the three people, who asked not to be identified because the transaction is private.