CPPIB tries to buy AIAL again

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CANADA/NEW ZEALAND - The Canada Pension Plan Investment Board (CPPIB) plans to make another partial takeover offer to all shareholders of Auckland International Airport Limited (AIAL).

Last month, Global Pension’s reported lack of industry experience and a worsened debt rating had thwarted the CPPIB’s attempt to buy into Auckland Airport. The AIAL board decided on October 31 t...

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