finance.yahoo.com Deals and strategy
Elia Group and CPP to acquire Tarchon UK-Germany interconnector
Elia Group and the Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire the Tarchon interconnector project, a high-voltage subsea electricity link between the UK and Germany. The transaction will see CPP Investments take a majority stake for a commitment of around C$1bn, with Elia Group participating through its WindGrid subsidiary for a 25% minority interest. …