[ET Net News Agency, 14 September 2018] CLP Holdings (00002) said Caisse de depot et
placement du Quebec (CDPQ) will become a strategic 40% shareholder of CLP India Private
Limited (CLP India), and CLP will maintain a majority 60% shareholding in CLP India.
CLP Group will transfer to CDPQ a 40% shareholding in CLP India for a cash consideration
of INR26.4 billion (equivalent to HK$2.87 billion).
CLP India will seek to expand investments in low-carbon growth areas including renewable
energy investments as well as non-generation business opportunities in transmission,
distribution and other customer-focused businesses.
CDPQ is a long-term institutional investor that manages funds primarily for public and
parapublic pension and insurance plans. (SC)