CPPIB sues Auckland Airport for expenses relating to blocked partial takeover
Posted by Editor on July 28, 2008 at 01:31 PM
The National Business Review reports that, “The Canada Pension Plan Investment Board (CPPIB) is suing Auckland Airport (AIA) for expenses relating to CPPIB's partial takeover offer.”
CPPIB appeared to fall victim to protectionist sentiment in New Zealand in its recent failed attempt to partially takeover Auckland Airport despite the pension fund’s safeguards against government interference, its public stance against the use of non-financial investment criteria, and the fact that its assets are not government assets.
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