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CADE to review PSP, OTPP, Santander power energy deal

( November 21, 2014, 14:19 GMT | Official Statement) -- MLex Summary: Brazilian antitrust agency CADE has been notified about a plan involving Public Sector Pension Investment Board (PSP), Ontario Teachers' Pension Plan Board (OTPP), and Banco Santander to form a new company responsible for investing in products that already exist but are held by Santander. The deal is focused on electricity generation from renewable sources and water infrastructure. Each company will hold a 33.3 percent stake in the new company. Santander controls a group of financial institutions that operates in Europe, the US and Latin America. PSP is a Canadian pension fund and OTPP is an independent organization that invests in assets and manages pension plans.Read the OJ statement below (in Portuguese):...

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