CDPQ takes €1.6 billion stake in American Tower’s European business

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Today, American Tower Corporations (ATC) has announced that they have struck a deal with Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) for the sale of a 30% stake in their European business, ATC Europe.  The transaction will be for €1.6 billion, giving ATC Europe a total valuation of €8.8 billion. ATC will retain managerial and operational control of ATC Europe…

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