Canada’s PSP to buy TDF’s French arm

Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms and transmitter masts group TDF in a deal worth about €3.5 billion, reports Reuters.

The sale will help TDF’s owners – private equity funds TPG, Charterhouse, Ardian and state bank Bpifrance – to pay down the group’s €3.8 billion debt.

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