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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

It was owned 88% by MAM and Canada's PSP which have now sold their entire stake, according to a statement from the two companies. AirTrunk founder and chief executive Robin Khuda will retain a stake, the statement said, without specifying the size of his remaining shareholding. Mr Khuda, Blackstone and AirTrunk declined to comment.

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Transcript: Mathieu Chabran

The Big Picture

And all our historical backers, shareholders, they actually kept on supporting the business. We never sold a single share on the occasion of the ’60s. RITHOLTZ: You guys only allowed a small piece to go public, right? CHABRAN: Yes, that’s right. We tapped the ECM market twice and they all reinforced their ownership.

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