Canada Pension Plan Raises €815 Million in EDP Share Sale (3)

The Canada Pension Plan Investment Board, one of the world’s largest pension funds, raised about €814.7 million ($942.6 million) from the sale of its stake in Portuguese energy company EDP SA.

CPPIB priced the sale at €3.729 per share in an overnight placing arranged by Goldman Sachs Group Inc., according to terms seen by Bloomberg News. That marked a discount of about 6% to Monday’s closing price. The holder sold 218.5 million shares in the offering, slightly less than the 225 million that was originally marketed to investors, the terms show.

EDP shares slid as much as ...