Parties
Company
Canada Pension Plan Investment Board
Company
Enbridge Inc.
Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its 24.5 percent stake in two German offshore wind assets, Hohe See and Albatros, to Enbridge Inc. Once completed, CPP Investments is expected to receive net proceeds of $374 million, after certain costs and adjustments. The deal is anticipated to be complete by the end of 2023.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
$ 374,000,000Deal Status
ActiveClosing Date