Stocks
CPP Investments Buys into American Express for $343 Million
Canada Pension Plan Investment Board (CPP Investments) has made a significant investment in American Express Company (AXP).
In its most recent disclosure with the Securities and Exchange Commission, CPP Investments revealed that it had acquired 1,015,427 shares of AXP's stock during the second quarter.
The total value of this purchase is approximately $343.4 million, making CPP Investments a significant player in the company.
This acquisition represents a new position for CPP Investments in American Express, with the firm now owning 0.15% of the company's outstanding shares.