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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

Blackstone and CPP Investments beat out a consortium led by IFM Investors which also bid for AirTrunk, Reuters reported on Aug. After yesterday’s sale, Mr Khuda’s stake in AirTrunk has been reduced to 5pc, and is worth more than $500 million after the company’s debt is factored in, sources close to the transaction said.