APG and IMCO completed the acquisition of euNetworks from Stonepeak for $2.3bn.

APG Asset Management, an investment management firm, and IMCO, an independent long term investor for Ontario's public sector, completed the acquisition of euNetworks, a Western European bandwidth infrastructure company, from Stonepeak, an alternative investment firm, for $2.3bn. “We have been impressed by euNetworks’ focus on sustainable growth and providing compelling connectivity solutions to its customers. We are thrilled to be entering into this partnership, on behalf of our pension fund client ABP, and are eager to support the euNetworks team as they continue to develop and further their strategic vision,” Arjan Reinders, APG Head of Infrastructure Europe.