Canada’s CPPIB and Australia’s Goodman to invest USD 1.7 Bln to expand their partnership in China

Reuters. 23 August. 2 minute read.
Australia’s property developer Goodman Group Pty Ltd Goodman and the Canada Pension Plan Investment Board (CPPIB) will invest USD 1.75 billion more into China’s logistics companies which are experiencing a spurt in demand for warehousing and delivery services from e-commerce firms such as Alibaba and JD.com. CPPIB, that will contribute 80 percent to this investment, has already invested USD 21.45 billion in China. The two partners’ total equity commitment now stands at USD 5 billion.
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