CPPIB disputes expenses claim

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CANADA/NZ - Canada Pension Plan Investment Board (CPPIB) and its New Zealand subsidiary, NZ Airport NC (NZANC), are disputing a claim by Auckland Airport for expenses incurred in responding to the pension fund's failed partial takeover bid.

Auckland Airport, which is seeking expenses of $7.6m (US$5.7m), says it will 'vigorously defend' the claim brought by CPPIB. In the claim, filed in the High Court in New Zealand, CPPIB asserted...

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