March 30, 2016 / 12:56 PM / 4 years ago

CPPIB invests 480 mln euros for LeasePlan acquisition

March 30 (Reuters) - The Canada Pension Plan Investment Board (CPPIB) said it invested 480 million euros ($544 million) to support the acquisition of Dutch car leasing company LeasePlan by a consortium of investors.

A group of investors agreed in July to buy LeasePlan for about 3.7 billion euros from Global Mobility Holding, a joint venture between Volkswagen and banker Friedrich von Metzler.

The consortium of investors includes Dutch pension fund service provider PGGM, Denmark’s largest pension fund ATP and Goldman Sachs. ($1 = 0.8827 euros) (Reporting by Arathy S Nair in Bengaluru)

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