Canada Pension Plan Investment Board is weighing a sale of its 12% stake in Spain’s largest gas distributor, according to people with knowledge of the matter.
CPPIB has been in talks with financial advisers over the potential sale of its stake in Nedgia, which it bought for €900m ($1 billion) in 2018, the people said, asking not to be named, as the matter isn’t public. Deliberations are still at an initial stage and CPPIB may decide not to go ahead with the divestment, the people said.