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CPPIB investing in Indian roads, French real estate credit


Michael McKiernan
The Canada Pension Plan Investment Board is boosting its interest in Indian infrastructure conglomerate IndInfravit Trust, after agreeing to pay $173 million for an additional 15.9 per cent of the toll road operator.
The deal, which is scheduled for completion by the middle of May will take the CPPIB’s total stake in the investment trust to 43.8 per cent. Since its launch in 2018, IndInfravit’s has acquired 13 operational road concessions along critical national transportation corridors linking cities in the high-growth Indian states of Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Telangana.
“Furthering our commitment to IndInfravit reflects our ongoing commitment to investment in India, as well as our ability to support IndInfravit’s future growth opportunities and enhances our ability to deliver solid long term, risk adjusted returns to CPP contributors and beneficiaries,” said Scott Lawrence, CPPIB’s managing director and head o ....

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eStruxture secures $600 million to fund Aptum acquisition, "fast-track" Canadian expansion


Montréal-based eStruxture has received over $600 million CAD to fund the growth of its data centre business.
The funding comes in the form of incremental equity financing from Caisse de dépôt et placement du Québec (CDPQ) and Fengate Asset Management, and a credit facility from Deutsche Bank’s credit solutions and direct lending division, as well as a group of undisclosed Canadian banks. According to eStruxture, most of these institutions have previously invested in the company.
eStruxture President and CEO Todd Coleman said the financing will help the company expand its customer base “throughout Canada and beyond.” ....

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HCL to implement UD Trucks' digital transformation


HCL Technologies announced it has signed a multi-million dollar digital transformation and hybrid cloud contract with UD Trucks, a leading Japanese commercial vehicle solutions provider.
HCL will deliver end-to-end IT transformation spanning across digital platforms, agile digital application development, migration, support and maintenance and digital workplace services.
With this new partnership, HCL will further accelerate UD Trucks digital transformation journey.
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