Here are the top reads on deals and financial services over the last 24 hours,
FINANCIAL SERVICES NEWS
Teachers, Caisse provide startup capital to Constellation Insurance venture: The Ontario Teachers’ Pension Plan and Caisse de dépôt et placement du Québec are teaming up on a US$500-million venture to invest in growing insurance companies, a sector whose long-term strategies have proven attractive to Canada’s big pension plans. Story (David Milstead)
CPPIB sells 39-per-cent Interparking stake to Dutch fund: Canada Pension Plan Investment Board (CPPIB) said on Wednesday it would sell its 39-per-cent stake in European car-park manager Interparking SA to Dutch pension fund APG. Story (Reuters)
DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS
GFL launches waste management IPO, hoping to raise US$2.4-billion: Canadian waste management company GFL Environmental Inc. has officially launched its initial public offering, looking to raise as much as US$2.4-billion in one of Canada’s largest-ever IPOs. Story (Tim Kiladze)
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