Canada Pension Plan Investment Board Signs Agreement to Purchase a Stake in the Combined Three U.K. and O2 U.K. Entity: Deal subject to completion of Hutchison Whampoa's purchase of O2 U.K. from Telefonica S.A.

Abstract

LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwired - May 7, 2015) - Canada Pension Plan Investment Board (CPPIB) announced today that it has signed an agreement to acquire an approximate 12% stake, by investing GBP 1.1 billion alongside Hutchison Whampoa (HWL), in the entity that will be created by merging O2 U.K. and Three U.K. CPPIB is among a number of investors including GIC Pte Ltd, Caisse de depot et placement du Quebec, Limpart Holdings Limited, a wholly-owned subsidiary of the Abu Dhabi Investment Authority, and BTG Pactual, who have agreed to invest GBP 3.1 billion in total in the new merged entity, alongside HWL.