$14.24 -0.0 -0.1%
Last Trade - 01/11/17
Market Cap | £n/a |
Enterprise Value | £n/a |
Revenue | £497.4m |
Position in Universe | th / 6841 |
(Adds details, background) June 28 (Reuters) - Canada Pension Plan Investment Board (CPPIB) said on Wednesday it would invest up to $1 billion in a partnership with Encino Energy LLC to buy oil and gas assets in the United States. The fund said the partnership, Encino Acquisition Partners, would focus on acquiring assets in mature basins. urn:newsml:reuters.com:*:nMKWH0p9ba Houston-based Encino Energy, which will operate the assets acquired by the partnership, has committed $25 million. CPPIB, Canada's biggest public pension fund, in March formed a JV to buy three U.S. student housing portfolios for about $1.6 billion. urn:newsml:reuters.com:*:nL3N1GT4PD (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Saumyadeb Chakrabarty) ((yashaswini.swamynathan@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 2405; Reuters Messaging: yashaswini.swamynathan.thomsonreuters.com@reuters.net)) Keywords: CPPIB INVESTMENT/ENCINO