CANADA - The Canada Pension Plan Investment Board has purchased a 10% stake in a Toronto toll road, and its holding could increase to 40% if CPPIB's planned acquisition of Intoll Group goes through.
The CPPIB said it will acquire its stake in the 407 Express Toll for C$894m ($882m) from Spanish owner Cintra Infraestructuras. After the acquisition, Cintra will still own 43.23% of the road; Into...
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