Canadian pension funds vie for Macquarie’s Arqiva stake

Two Canadian pension funds are reportedly looking to buy a 25% stake UK communications infrastructure and media services firm Arqiva. 

According to a Financial Times report, PSP Investments and the Canada Pension Plan Investment Board – which already owns 48% of Arqiva – are expected to compete for the stake that is being sold by Australian fund manager Macquarie.

The sale could reportedly be worth around £600 million with the process expected to start in the coming months.