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Empresas y finanzas

Onex, CPPIB to sell Gates Corp to Blackstone for $5.4 billion


    (Reuters) - Onex Corp and Canada Pension Plan Investment Board (CPPIB) said they would sell Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.

    Gates is a division of Tomkins, which Onex and CPPIB jointly bought in 2010 for about $5 billion.

    The sale is expected to close later this year, the companies said.

    (Reporting By Sneha Banerjee in Bangalore)