CPPIB completed the acquisition of a 19.3% stake in D1 for $334m.

Canada Pension Plan Investment Board, a global investment management organization, completed the acquisition of a 19.3% stake in D1, an operator of Latin America’s expanding “hard discount” food retail space, for $334m. “D1 provides an excellent opportunity to capitalize on the behavioral shift occurring in Latin America’s food retail space, where consumers are adopting new ways of shopping that prioritize convenience and price,” Tania Chocolat, CPP Investments Head of Active Equities Latin America and São Paulo Office Head.