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CPPIB edges ahead in race for SoftBank stake in SB Energy

Oct 25, 2020 - The Economic Times
Mergers and Acquisitions

Mumbai: The Canada Pension Plan Investment Board (CPPIB) is closing in on SoftBank's majority stake in SB Energy Holdings, said several people with knowledge of the matter. The five-year-old renewable energy company is a joint venture between SoftBank and Bharti Enterprises.CPPIB, one of the world's biggest retirement funds, has entered into exclusive negotiations with SoftBank Group International to acquire its 80% stake in SB Energy, said the people cited above. CPPIB's offer, submitted earlie...