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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

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. The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund. This is a huge deal.