PSP Investments launches road investment platform ROADIS
The Public Sector Pension Investment Board (PSP Investments) has announced the split of Isolux Infrastructure Netherlands BV and Grupo Isolux Corsan. As a result of the deal, PSP, which previously shared ownership of Isolux, has become its sole shareholder. No financial terms were released. Isolux, the manager of a global portfolio of road assets, will be renamed ROADIS and will serve as the Canadian pension fund's road investment platform, PSP said. PSP added that as part of the deal it has acquired a 50 percent interest in Wind Energy Transmission Texas LLC, an operator of electric transmission lines in West Texas.
3 May 2016•2 mins read
