The National Pensions Reserve Fund (NPRF) has emerged as one of the backers of a €1.4 billion takeover of a top Canadian ski resort and leisure operator.
The fund, which was set up to help fund the government’s future pension liabilities and now has assets of over €18 billion, was one of the investors in the private equity fund that bought Intrawest in August.
Intrawest owns ten of the biggest ski resorts in...
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