(Bloomberg) -- Engineering firm WSP Global Inc. agreed to buy energy-focused rival Power Engineers Inc. for C$2.44 billion ($1.8 billion) with the financial ...
-- Engineering firm WSP Global Inc. agreed to buy energy-focused rival Power Engineers Inc. for C$2.44 billion with the financial backing of Singapore’s sovereign wealth fund and three large Canadian pension funds.In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test
To finance the deal, WSP is taking on new loans and selling C$1 billion in stock. Half of the equity raise will come from a public offering and half from private sales to four large institutions: Singapore’s GIC Pte., Caisse de Depot et Placement du Québec, British Columbia Investment Management Corp. and Canada Pension Plan Investment Board.
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