CPP Investments completed the acquisition of a 24.99% stake in FCC Medio Ambiente for €965m.

Canada Pension Plan Investment Board, a private equity firm, completed the acquisition of a 24.99% stake in FCC Medio Ambiente, a waste management operator, for €965m. “FCC Medio Ambiente’s resilient business model provides essential services to an established client base that is well-diversified across geographies and segments. As major economies seek to meet circular economy objectives, businesses like FCC Medio Ambiente, with differentiated scale, reputation and technological expertise, are well-positioned to capture sustainable growth, providing an excellent long-term investment opportunity for CPP Investments," James Bryce, CPP Investments Managing Director.