CPP Investments to acquire an additional 25% stake in FCC Enviro from FCC Group for $1bn.

CPP Investments, a global investment management organization that invests the assets of the Canada Pension Plan, agreed to acquire an additional 25% stake in FCC Enviro, the environmental services division of the FCC Group, from FCC Group, a company active in the citizen services sector, for $1bn. “Increasing our stake in FCC Enviro deepens our commitment to a proven platform that plays a unique role in advancing the global circular economy. FCC Enviro’s differentiated scale and proven track record provide a compelling foundation for continued growth. This transaction is aligned with our strategy to invest behind key thematic trends, such as the circular economy, to generate attractive risk-adjusted returns for the CPP’s 22 million contributors and beneficiaries in Canada,” James Bryce, CPP Investments Managing Director, Head of Infrastructure.