CANADA/AUSTRALIA - The Canada Pension Plan Investment Board is to buy Intoll Group for A$3.44bn ($3bn) after increasing its initial offer for the Australian toll road operator.
The offer from Canada's second-biggest public pension manager values Intoll shares at A$1.52 each, 36% more than before an initial approach was announced on 15 July (Global Pensions: 15 July 2010)...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date