CPPIB buyout thwarted

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CANADA/AUSTRALIA - The Canada Pension Plan Investment Board (CPPIB) is plotting to buy a significant stake in Auckland International Airport Limited (AIAL).

A statement released by AIAL said it had become aware the CPPIB had made approaches to certain shareholders to purchase their AIAL shares for NZ$3.10 per share in advance of a possible takeover bid...

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