{"id":17183,"date":"2019-10-15T15:30:31","date_gmt":"2019-10-15T19:30:31","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-acquiring-e500-million-stake-in-european-media-company-137266"},"modified":"2019-10-15T15:30:31","modified_gmt":"2019-10-15T19:30:31","slug":"cppib-acquiring-stake-in-european-media-company","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/10\/15\/cppib-acquiring-stake-in-european-media-company\/","title":{"rendered":"CPPIB acquiring stake in European media company"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2018\/05\/media-tv-50536265_123RF.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt=\"Copyright : Yulia Grogoryeva\" title=\"CPPIB acquiring stake in European media company\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;October 15, 2019 <\/p>\n<p>The Canada Pension Plan Investment Board&nbsp;is&nbsp;investing in Axel Springer, a European digital publisher that\u2019s active in more than 40 countries.<\/p>\n<p>The investment is through the pension fund\u2019s wholly-owned subsidiary CPPIB Europe, alongside funds advised by KKR. The offer, at 63 euros per share,&nbsp;was made this past June&nbsp;in partnership with&nbsp;<span class=\"xn-person\">Axel Springer\u2019s<\/span>&nbsp;major shareholders, <span class=\"xn-person\">Friede Springer<\/span>&nbsp;and Mathias D\u00f6pfner, to further develop&nbsp;<span class=\"xn-person\">the company<\/span>&nbsp;and strengthen its position in the market.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-partners-to-capitalize-european-logistics-venture-121809\">CPPIB partners to capitalize European logistics venture<\/a><\/strong><\/p>\n<p>CPPIB\u2019s financial commitment will be at least 500 million euros.<\/p>\n<p>KKR has entered agreements to acquire the&nbsp;<span class=\"xn-person\">Axel Springer<\/span>&nbsp;shares outside the public tender offer, amounting to about 1.04 per cent of the share capital and voting rights of&nbsp;<span class=\"xn-person\">the company.<\/span><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-acquiring-e500-million-stake-in-european-media-company-137266\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;October 15, 2019 The Canada Pension Plan Investment Board&nbsp;is&nbsp;investing in Axel Springer, a European digital publisher that\u2019s active in more than 40 countries. The investment is through the pension fund\u2019s wholly-owned subsidiary CPPIB Europe,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17183"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17183"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17183\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}