TORONTO, March 8, 2024 /CNW/ – Canada Pension Plan Investment Board (CPP Investments), has entered into an agreement to join the Optics BidCo investor group, which is acquiring NetCo – the most extensive telecoms network in Italy – from Telecom Italia S.p.A. CPP Investments has committed to acquire a 17.5% interest in NetCo for up to €2.0 billion (C$2.9 billion), as part of a transaction which values the business at an enterprise value of approximately €18.8 billion (C$27.5 billion). The investor group, led by Kohlberg Kravis Roberts & Co. L.P. (KKR), includes a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), the Italian infrastructure fund F2i and the Ministry of Economy and Finance of the Italian Government.
CPP Investments Logo (CNW Group/Canada Pension Plan Investment Board)
The newly defined NetCo business will be primarily comprised of the fixed…
