CPPIB, OMERS Infrastructure to up stakes in Indian toll roads
IndInfravit Trust has agreed to acquire nine operational road projects and related assets from Sadbhav Infrastructure Project Ltd, an Indian road developer. The deal values the roads portfolio, totalling 2,619 lane kilometres in five Indian states, at about $66.1 million rupees. Canada Pension Plan Investment Board (CPPIB) and OMERS Infrastructure agreed to back the acquisition. CPPIB expects its commitment to be up to $220 million. Earlier this year, OMERS Infrastructure acquired a 22.4 percent stake in IndInfravit, a Chennai, India-based infrastructure investment trust, joining existing shareholder CPPIB.
2 July 2019•5 mins read
