CPPIB, OTPP close $1.35 bln investment in Mexican toll road
Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan have closed their joint investment in an affiliate of Impulsora del Desarrollo y el Empleo en América Latina (Ideal), which owns one of Mexico’s largest toll road concessions. The deal, announced in June, saw CPPIB and Ontario Teachers' pay $1.35 billion for a 49 percent stake in the Autopista Arco Norte. Ideal will hold a 50.5 percent interest in the asset. The deal represents CPPIB's and Ontario Teachers' first joint investment in the Mexican market.
22 December 2016•2 mins read
