Canadian pension funds take 49 pct stake in Mexican toll road: Reuters
Two of Canada's largest pension funds have bought a stake in one of Mexico's biggest toll road concessions from an infrastructure company controlled by billionaire Carlos Slim, Reuters reported. Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan have invested $1.35 billion for a 49 percent stake in the Arco Norte toll road, which connects the states of Mexico, Puebla, Hidalgo and Queretaro and is a link to major trade corridors. "Arco Norte represents our first infrastructure investment in Mexico and enables us to invest in an established, modern toll road of significant size," Cressida Hogg, CPPIB's global infrastructure head, said.
9 June 2016•2 mins read
