Canada’s PSP to buy TDF’s French arm
November 5, 2014
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.