CPPIB edges ahead in race for SoftBank stake in SB Energy

SB Energy CEO Raman Nanda told employees in a townhall earlier this week that the management team is expected to continue for at least one more year.

Synopsis
CPPIB, one of the world’s biggest retirement funds, has entered into exclusive negotiations with SoftBank Group International to acquire its 80% stake in SB Energy, said several people with knowledge of the matter.

Mumbai: The Canada Pension Plan Investment Board (CPPIB) is closing in on SoftBank’s majority stake in SB Energy Holdings, said several people with knowledge of the matter. The five-year-old renewable energy company is a joint venture between SoftBank and Bharti Enterprises.CPPIB, one of the world’s biggest retirement funds, has entered into exclusive negotiations with SoftBank Group International to acquire its 80% stake in SB Energy, said the

Arijit Barman Reghu Balakrishnan

ET Bureau

6 mins read, Last Updated:

Oct 24, 2020, 06:47 AM IST

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